Multi-Family
United States
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9151 Whittier Ave, Detroit, MI 48224

26
9151 Whittier Ave, Detroit, United States

A 21-unit brick multifamily building in the Yorkshire Woods area of Detroit, with solid construction and a good maintenance record. All 21 units are fully subsidized by the state of Michigan under a program similar to Federal HUD Section 8, supporting stable tenancy. The neighborhood has a dense suburban feel and sits close to a major interstate highway.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,609
$609 (60.90%)
Investment Summary
Asset Price$1,050,420.00
Token Price$50.02
Annual Yield9.98%
Monthly Rental$8,738.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $1,050,420.00 in total. The property itself is $920,000.00, so 14.2% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price87.6%$920,000.00
  • Reserves and improvements2.4%$25,410.00
  • Other10.0%$105,010.00

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

21,000

Token Price

$50.02

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-9151-WHITTIER-AVE-DETROIT-MI

Contract Address

0x964eE9E5d9d8abFc768F8D860cC6c33E75d37112

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

$1,050,420.00

Token Price$50.02
Annual Yield9.98%
Tokens AvailableN/A