Threeworld home
Multi-Family
United States
1 / 20

1630 E State Fair Ave, Detroit, MI 48203

40
1630 E State Fair Ave, Detroit, United States

A brick multi-family in Detroit built in 1957, with 16 fully-rented units and 16 parking spaces. It sits on E State Fair Avenue near Nolan Elementary-Middle School, two churches and a medical center, and is one of four properties on the same street. A planned renovation includes parking lot and unit improvements plus a fenced grassy community space.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$2,017
▲ $1,017 (102%)
Investment Summary
Asset Price$590,708.00
Token Price$50.06
Annual Yield15.07%
Monthly Rental$7,417.60
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $590,708.00 in total. The property itself is $500,000.00, so 18.1% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price84.6%$500,000.00
  • Reserves and improvements5.3%$31,600.00
  • Other10.0%$59,108.00

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

11,800

Token Price

$50.06

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-1630-E-STATE-FAIR-AVE-DETROIT-MI

Contract Address

0xe919dF5F4eff1e6e6c6FE7C82471A5e6Ce3437f1

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

$590,708.00

Token Price$50.06
Annual Yield15.07%
Tokens AvailableN/A

Property Resources