19041 Lenore Ave Token

RealT


Price
$50.85 USD (0.29%)

24h Volume
0

Market Cap
$966,157

Last Trade
July 1, 2022

Last Trade
July 1, 2022

RealT Price

Trading History

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Terms

Fundraise Information

Total Raise $954,940 USD
Soft Cap $3,600 USD
Raise Status Open since tba
Minimum Investment $954,940 USD
Accepted Investors Tba
Security Type -
Exemptions TBA
Instrument TBA

Token Information

Price Per (RealT) $50.85 USD (0.29%)
Token Issuance Platform RealT
Token Protocol ERC-20
Token Issuance Info RealT
Payment Options tba

Token Rights

Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin)

About

Overview

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

Highlights

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