19041 Lenore Ave Token


$58 USD (0%)

24h Volume

Market Cap

Last Trade
June 13, 2024

Last Trade
June 13, 2024
19041 Lenore Ave logo

RealT Market Cap & Volume

Source: STM.co

Trading History

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Fundraise Information

Total Raise $954,940 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $50 USD
Accepted Investors International Non-US
Exemptions RegS
Instrument Equity
Token Issuance Info No lockout due to RegS

Token Information

Price Per (RealT) $57.92 USD (0%)
Token Issuance Platform RealT
Blockchains Available On Gnosis Chain
Security Type Equity
Asset Class Real Estate
Payment Options Other

Token Rights

Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin) Expected Return: 4.47%



By purchasing tokens of this property, investors can diversify their risk due to potential rental vacancies, as 20 units make for a consistent expected rental income – in this case, a solid 11.04%. Lenore has a strong tenant demand, with 3 churches next door (Harvest Christian Church, Redford Church, Westside Bible Church) and a park that starts at Oak Grove (less than a mile from the property) and goes down to Eliza Howell Park. The property is also positioned with easy access to shopping, dining, and commuter routes, which increases quality of life for our tenants. Lenore is also located near the Redford district, chosen by Ford to re-establish a factory. The property needs a little bit of renovation, and we have budgeted $10,000 as follows: $8,000: Parking Lot $1,235: Refresh units B16, B18,117, 211 $765: Repair fascia metal trim at D Side Entry


Expected Income: 11.04% not including capital appreciation Rent Start Date: 2022-06-15 Rent per Token: $5.55 / year Token Price: $50.26 Total Tokens: 19,000 Property Type: Multi Family Neighborhood: Five Points Construction Year: 1963 Stories: 2 Stories Total Units: 20 Units Bedroom/Bath: 20x1 Bed / 20x1 Bath Rental Type: Long-term Rented? Fully Rented Section 8? No