Apartment
United States
1 / 10

14294 Cherrylawn St, Detroit, MI 48238

26
14294 Cherrylawn St, Detroit, United States

A single-family residence built in 1929 in Detroit's Mackenzie neighborhood, with a brick exterior and masonry foundations. The 825-square-foot home offers 3 bedrooms, 1 bathroom, and gas-powered ductless forced air heating on a 3,310-square-foot lot. It sits near Intervale-Roselawn Playground and local schools, with I-96 access 8 miles from downtown.

Property Overview

Bedrooms

3

Bathrooms

1

Size

825 sq ft

Year Built

N/A

Investment Returns Projection

Projected value

$1,551
$551 (55.10%)
Investment Summary
Asset Price$68,664.40
Token Price$50.12
Annual Yield9.18%
Monthly Rental$525.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $68,664.40 in total. The property itself is $54,000.00, so 27.2% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price78.6%$54,000.00
  • Reserves and improvements9.9%$6,800.00
  • Other11.5%$7,864.40

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

1,370

Token Price

$50.12

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-14294-CHERRYLAWN-ST-DETROIT-MI

Contract Address

0xb58357eb374d9b393a3d00577414f33aee95c2bd

Property Features

Property Type

Apartment

Bedrooms

3

Bathrooms

1

Size

825 sq ft

Year Built

N/A

Condition

N/A

Street View
Total Price

$68,664.40

Token Price$50.12
Annual Yield9.18%
Tokens AvailableN/A