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16085 E Seven Mile, Detroit, MI 48205

32
16085 E Seven Mile, Detroit, United States

A ten-unit residential building at 16085 E Seven Mile in Detroit, built in 1947, with 10 parking spaces. The property is set to undergo renovations covering exterior work and unit refreshes, and sits near other properties on Liberal St and Coram St.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,692
$692 (69.20%)
Investment Summary
Asset Price$547,507.00
Token Price$50.23
Annual Yield11.09%
Monthly Rental$5,061.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $547,507.00 in total. The property itself is $460,000.00, so 19.0% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price84.0%$460,000.00
  • Reserves and improvements5.9%$32,300.00
  • Other10.1%$55,207.00

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

10,900

Token Price

$50.23

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-16085-E-SEVEN-MILE-DETROIT-MI

Contract Address

0xe2FBdeADC82c71C1b8bFf9CA4f9E7666224A362c

Property Features

Property Type

Other

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$547,507.00

Token Price$50.23
Annual Yield11.09%
Tokens AvailableN/A