8342 Schaefer Hwy Token

RealT


Price
$60.79 USD (0%)

24h Volume
0.00

Market Cap
$243,157

Last Trade
July 15, 2024

Last Trade
July 15, 2024
8342 Schaefer Hwy logo

RealT Market Cap & Volume

Source: STM.co

Trading History

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Fundraise Status

Number Investors 254
Raise Close Date May 05, 2020
Last Updated April 23, 2024

Raise Progress Closed

Soft Cap
97.76% Complete
Current Amount Raised $203,333USD

Terms

Fundraise Information

Total Raise $208,000 USD
Soft Cap $10,000 USD
Raise Status Closed
Minimum Investment $52 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) $60.79 USD (0%)
Token Issuance Platform RealT
Secondary Marketplace Levinswap
Blockchains Available On Gnosis Chain
Security Type Equity
Asset Class Real Estate
Payment Options USD

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: 12.94%.

About

Overview

Three of Schaefer’s four apartments are Section 8, and the fourth has a long-time tenant that pays more often than not. When the tenant is unable to pay rent, the property management company hires him to take care of maintenance work on the quadruplex, like cutting the grass, taking care of the common areas for two weeks or a full month, and fixing any fixable items to the other tenants’ satisfaction. This has been an advantageous compromise that has resulted in a stable arrangement for years. The property manager then credits the tenant’s account with the money earned and applies it toward his rental payment, which is then sent to the landlord. This is fine in a small multi-family like a quadruplex. So far, even if this has created some irregularities, rent has always been paid by month’s end.

Highlights

Property Type: Multi Family

Full Address: 8342 Schaefer Hwy, Detroit, MI 48228

Country: USA

Source: RealT

Neighborhood: Joy - Schaefer

Construction Year: 1955

Total Units: 4 Units

Rental Type: Long-term

Rented: Fully Rented

Rent Subsidy: No