Threeworld home
Multi-Family
United States
1 / 10

1 Holdings Monterey St, Detroit, MI 48206

25
Monterey St, Detroit, United States

A pair of quadplexes in Detroit's Durfee neighborhood, forming a multi-family rental portfolio with 24 bedrooms, 8 bathrooms and a combined living area of 9,194 square feet on a 12,632 square foot lot. The properties sit near Central High School, LaSalle Park and Garden, and the Durfee Innovation Society community center, and a $50,000 renovation budget covers exterior improvements.

Property Overview

Bedrooms

24

Bathrooms

8

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,629
▲ $629 (62.90%)
Investment Summary
Asset Price$381,900.00
Token Price$50.92
Annual Yield10.25%
Monthly Rental$3,260.50
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $381,900.00 in total. The property itself is $280,000.00, so 36.4% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price73.3%$280,000.00
  • Reserves and improvements15.9%$60,590.00
  • Other10.8%$41,310.00

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

7,500

Token Price

$50.92

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-1-HOLDINGS-MONTEREY-ST-DETROIT-MI

Contract Address

0xa3947ea22a8200b217885a7e9c9bcbf704349509

Property Features

Property Type

Multi-Family

Bedrooms

24

Bathrooms

8

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$381,900.00

Token Price$50.92
Annual Yield10.25%
Tokens AvailableN/A

Property Resources