1610 E State Fair Ave, Detroit, MI 48203
A brick multi-family in Detroit built in 1957, with 16 fully-rented units and 16 parking spaces. It stands on E State Fair Avenue alongside three other properties acquired in the same deal, near Nolan Elementary-Middle School, churches, a medical center and a Dollar General. The roof and mechanical room are described as in pristine condition.
Bedrooms
N/A
Bathrooms
N/A
Size
N/A
Year Built
N/A
Projected value
The offering costs $608,751.00 in total. The property itself is $520,000.00, so 17.1% of the total sits on top of the purchase price in reserves, costs and fees.
- Purchase price85.4%$520,000.00
- Reserves and improvements4.6%$27,850.00
- Other10.0%$60,901.00
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
12,100
Token Price
$50.31
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-1610-E-STATE-FAIR-AVE-DETROIT-MI
Contract Address
0xd88E8873E90f734C9D3e3519e9e87345478c1df2
Property Type
Multi-Family
Bedrooms
N/A
Bathrooms
N/A
Size
N/A
Year Built
N/A
Condition
N/A