3747 Scovel Pl Token

RealT


Price
$73.2 USD (3.01%)

24h Volume
2

Market Cap
$1,010,144

Last Trade
February 22, 2024

Last Trade
February 22, 2024
3747 Scovel Pl logo

RealT Price

Trading History

Login to see full trading history

Login Register

Terms

Fundraise Information

Total Raise $692,622 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 lock up period due to RegS

Token Information

Price Per (RealT) $73.2 USD (3.01%)
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 USDC or XDAI (stablecoin). Expected Income: 12.79%.

About

Overview

Scovel represents an enormous opportunity for RealT and their investors. With 18 units in a rapidly-growing city, located next to a newly-renovated sister building, Scovel is positioned for excellent growth after some significant renovations. RealT expects those renovations to be complete and the rent stabilized in October 2022, at which point the expected income from rent should see a dramatic increase from its current value to over 13%!

Because Scovel is such a big project with such a big impact on its token-holders, RealT will be providing regular updates on the renovations including work, cost, images, and video.

Highlights

Property Type: Multi Family
Full Address: 3747 Scovel Pl, Detroit, MI 48208
Country: USA
Source: RealT
Neighborhood: Midwest
Construction Year: 1927
Total Units: 18 Units
Bedroom/Bath: 18x1 Bed / 18x1 Bath
Rental Type: Long-term
Rented?: 15 / 18 Units
Rent Subsidy?: No