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450 Kitchener St, Detroit, MI 48215

View Smart Contracts: Eth Gnosis

Total Investment: $ 68,122.60

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.36%

    Not including capital appreciation

  • Income per Token

    $ 4.80 / year

  • Income Start Date

    October 1, 2023

  • Token Price

    $ 51.22

  • Total Tokens

    1,330

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    Single Family

  • Full Address

    450 Kitchener St, Detroit, MI 48215

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Jefferson Chalmers

  • Construction Year

    2000

  • Bedroom/Bath

    3 Beds / 2 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,860.00

  • Gross Rent / month

    $ 905.00

  • Monthly Costs

    - $ 373.50
    • Property Management (8.00%)
      - $ 72.40
    • RealT Platform (2.00%)
      - $ 18.10
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 128.00
    • Insurance
      - $ 45.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 531.50

  • Net Rent / year

    $ 6,378.00

  • Total Investment

    $ 68,122.60
    • Underlying Asset Price
      $ 54,000.00
    • Sourcing Fee (10%)
      $ 6,812.22
    • Initial Maintenance Reserve
      $ 1,810.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 68,122.22
    • Rounding Difference
      $ 0.38

  • Expected Income

    9.36%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,011

  • Foundation

    Masonry

  • Exterior Walls

    Siding

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,440

  • Heating

    Forced Air w/ Ducts, Gas

  • Building Class

    C

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-450-KITCHENER-ST-DETROIT-MI

  • Total Tokens

    1330

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    August 30, 2023

  • Issuer

    RealToken International 450 Kitchener St Inc

  • Min. Investment Amount

    $51.22

  • Max. Investment Amount

    $68,122.60

  • Amount Raised

    $68,122.60

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

450 Kitchener: Discover the Possibilities

Located in the vibrant Jefferson Chalmers neighborhood of Detroit, 450 Kitchener encompasses 1,440 square feet, surrounded by a 6,011 square foot plot. Situated close to parks, an elementary school, and a mall, 450 Kitchener represents an ideal domicile for families seeking comfort and development.

Efficient Management and Cost Savings

RealT owns additional properties on adjacent streets like Conner and Navahoe. This close proximity allows for more efficient property management, translating to lower operational expenses and added value for both homeowners and investors.

Strategic Charm and Development

The position of 450 Kitchener offers a mix of convenience and the promise of value augmentation. For the savvy investor, a projected annual return of 9.36% offers robust returns and potential for development.

Lasting Grace

A budget of $4,000 earmarked for renovation ensures that the lasting grace and allure of Kitchener will be maintained, preserving its appeal for generations to come.

Map

Property Records

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Why Detroit?

INVEST RIGHT

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.

There’s something for everyone here, because Detroit is for everybody.

The Interests, in the form of Series #1 RealTokens and future series of RealTokens, being offered are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that the Company’s business objectives will be achieved or that a secondary market would ever develop for the Interests, whether via the RealToken Website, via third party registered broker-dealers or otherwise. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. The Interests being sold are not FDIC insured, may lose value, and there is no bank or other guarantee.

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