Multi-Family
United States
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2911 Sturtevant St, Detroit, MI 48206

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2911 Sturtevant St, Detroit, United States

A multi-family residence in Detroit built in 1925, 2911 Sturtevant St comprises 27 fully-rented units. It sits near Hamtramck and Highland Park and close to a common thoroughfare, and needs some renovations including exterior concrete flatwork and a chimney weather cap.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,671
$671 (67.10%)
Investment Summary
Asset Price$1,341,430.00
Token Price$50.62
Annual Yield10.81%
Monthly Rental$12,086.80
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $1,341,430.00 in total. The property itself is $1,150,000.00, so 16.6% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price85.7%$1,150,000.00
  • Reserves and improvements4.2%$56,900.00
  • Other10.0%$134,530.00

Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.

Token Information

Total Tokens

26,500

Token Price

$50.62

Tokens Available

0

Minimum Investment

N/A

Token Holders

N/A

Platform Fee

N/A

Management Fee

N/A

Leverage

Not stated

Blockchain Network

Gnosis Chain

Token Symbol

REALTOKEN-S-2911-STURTEVANT-ST-DETROIT-MI

Contract Address

0x7A684f6d9a34175d642EEdB31FA545604d8d3aCF

Property Features

Property Type

Multi-Family

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$1,341,430.00

Token Price$50.62
Annual Yield10.81%
Tokens AvailableN/A