11701 Morang Ave, Detroit, MI 48224
A multi-family property of 4 side-by-side buildings at 11701 Morang Ave in eastern Detroit, built in 1955. It offers 32 units, with the last 11 being brought up to Section 8 standards as part of a $55,000 renovation. Tenants have easy access to major highways, the city center and nearby Grosse Pointe neighborhoods.
Bedrooms
N/A
Bathrooms
N/A
Size
N/A
Year Built
N/A
Projected value
The offering costs $1,576,960.00 in total. The property itself is $1,315,000.00, so 19.9% of the total sits on top of the purchase price in reserves, costs and fees.
- Purchase price83.4%$1,315,000.00
- Reserves and improvements6.6%$103,400.00
- Other10.1%$158,560.00
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.
Total Tokens
32,000
Token Price
$49.28
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-11701-MORANG-AVE-DETROIT-MI
Contract Address
0xEDcDDC374C78BB8596352a28faf1EBa9874aa2e1
Property Type
Multi-Family
Bedrooms
N/A
Bathrooms
N/A
Size
N/A
Year Built
N/A
Condition
N/A