Multi-Family
United States
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19041 Lenore Ave, Detroit, MI 48219

26
19041 Lenore Ave, Detroit, United States

A multi-family residence in Detroit, 19041 Lenore Ave comprises 20 fully-rented units and 20 parking spaces. Built in 1963, it sits near three churches and a park leading to Eliza Howell Park, with easy access to shopping, dining and commuter routes. It is the last of three neighbouring properties acquired on the same block.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,758
▲ $758 (75.80%)
Investment Summary
Asset Price$954,940.00
Token Price$50.26
Annual Yield11.94%
Monthly Rental$9,502.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $954,940.00 in total. The property itself is $824,000.00, so 15.9% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price86.3%$824,000.00
  • Reserves and improvements3.7%$35,400.00
  • Other10.0%$95,540.00

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

19,000

Token Price

$50.26

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-19041-LENORE-AVE-DETROIT-MI

Contract Address

0xAfA816f7fFF6f252E5CdBD40b80d9eF77B7e289B

Property Features

Property Type

Multi-Family

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$954,940.00

Token Price$50.26
Annual Yield11.94%
Tokens AvailableN/A