Threeworld home
Multi-Family
United States
1 / 14

11222 E 7 Mile Rd, Detroit, MI 48234

22
11222 E 7 Mile Rd, Detroit, United States

A 1965 brick multifamily property in the Mount Olivet neighborhood of Detroit, MI, with 28 one-bedroom, one-bath units across 26,784 sqft on a 24,393 sqft lot. It sits near Osborn High School, ALDI, Henry Ford St. John Hospital and Balduck Park, and a $42,840 renovation budget is allocated for unit enhancements.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,549
▲ $549 (54.90%)
Investment Summary
Asset Price$1,412,880.00
Token Price$50.46
Annual Yield9.14%
Monthly Rental$10,758.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $1,412,880.00 in total. The property itself is $1,125,000.00, so 25.6% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price79.6%$1,125,000.00
  • Reserves and improvements10.1%$142,840.00
  • Other10.3%$145,040.00

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

28,000

Token Price

$50.46

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-11222-E-7-MILE-RD-DETROIT-MI

Contract Address

0xd358021be065bda24fd1b713b4f9377696b04a3b

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

$1,412,880.00

Token Price$50.46
Annual Yield9.14%
Tokens AvailableN/A

Property Resources