Multi-Family
United States
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23750 W 7 Mile Rd, Detroit, MI 48219

20
23750 W 7 Mile Rd, Detroit, United States

A 1955 multi-family residence at 23750 W 7 Mile Rd in Detroit, Michigan, with 11,944 square feet of living space on a 13,068-square-foot lot. The brick building has 17 one-bedroom, one-bathroom units with gas and forced air heating. It sits in the Seven Mile-Rouge neighborhood near parks and the Rouge River.

Property Overview

Bedrooms

1

Bathrooms

1

Size

11944 sq ft

Year Built

N/A

Investment Returns Projection

Projected value

$1,546
▲ $546 (54.60%)
Investment Summary
Asset Price$944,537.00
Token Price$50.51
Annual Yield9.10%
Monthly Rental$7,165.50
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $944,537.00 in total. The property itself is $780,000.00, so 21.1% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price82.6%$780,000.00
  • Reserves and improvements7.3%$68,560.00
  • Other10.2%$95,977.00

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

18,700

Token Price

$50.51

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-23750-W-7-MILE-RD-DETROIT-MI

Contract Address

0x0f388d7e65a969dbcbfab21bc3ab6629af78f4cf

Property Features

Property Type

Multi-Family

Bedrooms

1

Bathrooms

1

Size

11944 sq ft

Year Built

N/A

Condition

N/A

Street View
Total Price

$944,537.00

Token Price$50.51
Annual Yield9.10%
Tokens AvailableN/A