4101 McClellan Ave Token

RealT


Price
$0 USD (0%)

24h Volume
0

Market Cap
$0

Last Trade
February 19, 2024

Last Trade
February 19, 2024
4101 McClellan Ave logo

RealT Price

Trading History

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Terms

Fundraise Information

Total Raise $62,600 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) $0 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 USDC or XDAI (stablecoin). Expected Income: 9.30%.

About

Overview

Together with 3851 McClellan and 4407 McClellan, this single-family rental is part of the same package as the three holding portfolios tokenized during the month of February (Holcomb, Rohns, and Belvidere). As you can see on the map, McClellan is the street right next to Belvidere. These separate single-family offerings allow you to take advantage of RealT’s concentric circle strategy and the economies of scale generated by the proximity of the other offerings.
The expected rental incomes for these properties are very similar: 9.30% for 4101 McClellan, 9.33% for 3851 McClellan, and 9.25% for 4407 McClellan. They were sold by the same person as the nearby holding portfolios, and therefore enjoy the same benefits:
  • They were built in 2006-2007
  • They each have an attached garage
  • They have a tax benefit
  • Their rent is 100% paid by Section 42

Highlights

Property Type: Single Family
Full Address: 4101 McClellan Ave, Detroit, MI 48214
Country: USA
Source: RealT
Neighborhood: Gratiot Woods
Construction Year: 2006
Stories: 2 Stories
Bedroom/Bath: 3 Beds / 1 Bath
Rental Type: Long-term
Rented?: Fully Rented
Rent Subsidy?: Section 42
Rent Subsidy Pays: 100%