Threeworld home
Multi-Family
United States
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16851-16881 Greenfield Rd, Detroit, MI 48235

29
16851-16881 Greenfield Rd, Detroit, United States

A 36-unit multi-family property at 16851-16881 Greenfield Rd in Detroit, made up of four buildings with long-term tenants. Ten units are rent-subsidized through the Federal HUD Section 8 program, and the remaining units are planned for renovation to meet Section 8 standards.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,655
▲ $655 (65.50%)
Investment Summary
Asset Price$1,881,450.00
Token Price$50.85
Annual Yield10.60%
Monthly Rental$16,617.60
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $1,881,450.00 in total. The property itself is $1,610,000.00, so 16.9% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price85.6%$1,610,000.00
  • Reserves and improvements4.4%$83,384.00
  • Other10.0%$188,066.00

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

37,000

Token Price

$50.85

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-16851-16881-GREENFIELD-RD-DETROIT-MI

Contract Address

0x960e61F5c4107D71bd8936B010416738c250f91c

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

$1,881,450.00

Token Price$50.85
Annual Yield10.60%
Tokens AvailableN/A

Property Resources