(S) 616 E 131st St Cleveland OH Token

RealT

The Raise Total

$53,924

Price Per Token

$50

Raise Start

July 8, 2022

Minimum Investment

$53,924

https://realt.co/product/s-616-e-131st-st-cleveland-oh-44108/

Built in 1921, 616 E 131st St Cleveland OH is a duplex in Forest Hill, Cleveland with plans for renovation. Reg S for international investors.

Terms

Fundraise Information

Total Raise $53,924 USD
Soft Cap $5,000 USD
Raise Status Open since Closed
Minimum Investment $53,924 USD
Accepted Investors International Non Us
Security Type -
Exemptions Reg S
Instrument Dividend Paying

Token Information

Price Per (RealT) $50
Token Issuance Platform RealT
Token Protocol ERC-20
Token Issuance Info NA
Payment Options tba

Token Rights

Token holders are entitled to a portion of rent paid. Renovated Income: 11.77%. Current Expected Income: 6.14%

About

Overview

Lot Size (sqft): 4,995 Foundation: Masonry Block Exterior Walls: Brick Roof Type: Asphalt Parking: 2 Spaces, Detached Garage Interior Size (sqft): 1,613 Heating: Forced Air / Gas Cooling: None Building Class: C Renovated: Rehab Property Manager: ORG Rentals, LLC Gross Rent / year: $12,600.00 Gross Rent / month: $1,050.00 Monthly Costs: -$475.00 Net Rent / month: $575.00 Net Rent / year: $6,900.00 Total Investment: $112,342.50 (non-US Portion: $53,924.40, US-Only Portion: $58,418.10) Current Expected Income: 6.14% not including capital appreciation Renovated Expected Income: 11.77% (target date for stabilization: 2023-01-16)

Highlights

Renovated Income: 11.77% (target date for stabilization: January 16, 2023) Current Expected Income: 6.14% not including capital appreciation Rent Start Date: August 1, 2022 Rent per Token: $3.07 / year Token Price: $50.37 Total Tokens: 2,250 (Non-US Tokens: 1080, US-Only Tokens: 1170) Property Type: Duplex Full Address: 616 E 131st St, Cleveland, OH 44108 Neighborhood: Forest Hill Construction Year: 1921 Stories: 2 Stories Total Units: 2 Units Bedroom/Bath: 2x3 Bed / 2x1 Bath Rental Type: Long-term Rented? Fully Rented Section 8? No