Multi-Family
United States
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18047-18059 Hoover St, Detroit, MI 48205

18
18047-18059 Hoover St, Detroit, United States

A 1950 colonial multifamily residence in Detroit's Mount Olivet neighborhood, with brick siding and masonry foundations. The building offers 11,840 square feet of living space on a 20,024 square-foot lot, with 16 units each having 1 bedroom and 1 bathroom. Residents have easy access to the Optimist-Parkgrove Playground and the quiet, pedestrian-friendly surrounding area.

Property Overview

Bedrooms

1

Bathrooms

1

Size

11840 sq ft

Year Built

N/A

Investment Returns Projection

Projected value

$1,276
$276 (27.60%)
Investment Summary
Asset Price$915,120.00
Token Price$50.84
Annual Yield0.00%
Monthly Rental$0.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $915,120.00 in total. The property itself is $780,000.00, so 17.3% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price85.2%$780,000.00
  • Reserves and improvements4.6%$42,080.00
  • Other10.2%$93,040.00

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

18,000

Token Price

$50.84

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-18047-18059-HOOVER-ST-DETROIT-MI

Contract Address

0x2cf1ec5b40c4510bfadeff8e1aefd9159b75502a

Property Features

Property Type

Multi-Family

Bedrooms

1

Bathrooms

1

Size

11840 sq ft

Year Built

N/A

Condition

N/A

Street View
Total Price

$915,120.00

Token Price$50.84
Annual Yield0.00%
Tokens AvailableN/A