Source: STM.co
| Total Raise | $104,886 USD |
| Soft Cap | $0 USD |
| Raise Status | Closed |
| Minimum Investment | $58 USD |
| Accepted Investors | International Non-US |
| Exemptions | RegS |
| Instrument | Equity |
| Token Issuance Info | No lockout period due to RegS |
| Price Per (RealT) | $77.88 USD |
| 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)
Detroit, one of the fastest growing major cities in America and best kept real estate secrets, is rich with history, and possesses a colorful cultural fabric. Despite being among the 15 largest metro areas in the US, Detroit drivers spend the least amount of time in traffic during peak periods. Beyond automotive innovation, Detroit is home to dozens of startup incubators, and is surging on Inc.’s list of top 50 cities to start a business*. Root for the Lions, Tigers, Pistons and Red Wings, or enjoy the outdoors with over 200 miles of hiking trails nearby, 9 state parks, and over 3200 miles of coastline to explore.
Property Highlights
Expected Yield: 10.06%
Expected Yield After Renovation & Stabilization: 12.5 - 13%
Rent Start Date: 2020-12-28
Rent per Token: $5.86 / year
Token Price: $58.27
Total Tokens: 1,800
Property Type: Duplex
Neighborhood: Oakman Boulevard
Square Feet: 2,600
Lot Size: 4,356
Rented? Fully Rented
Section 8? No
