SOLD OUT – This Real Estate Token is only available on RealTs secondary markets
REVITALIZED RESIDENCE Experience the transformation of 1174 Chalmers, a single-family home with 3 bedrooms and 1.5 bathrooms in 1,460 square feet of living space. Situated on a 3,354 square-foot lot in the upcoming Riverbend neighborhood, the house enjoys proximity to the Detroit Merit Charter Academy, Monteith Detroit Public Library, and a growing scene of new boutiques and developments.
RIVERBEND’S RENAISSANCE The revitalized Riverbend neighborhood is currently experiencing a hip transformation and ongoing gentrification. Though more sparsely populated than some neighboring areas, the community enjoys the momentum of numerous new construction projects, both residential and retail. In fact, 99% of houses in bad condition have been demolished. An urban orchard of apple trees has also been planted by Wolverine Human Services, and the neighborhood’s appeal is further boosted by a popular local farmers market on East Warren Avenue and a small playground on Goethe Street. Located just 7 miles from downtown Detroit near the US/Canada border, Riverbend offers plenty of convenience and lifestyle amenities.
STRONG RETURNS For token-holders, Chalmers offers a solid expected rental income of 10.16%. Acquired for $83,000, this property’s listing price includes a significant $48,000 renovation budget allocated for essential infrastructure fixes, painting, and interior improvements. Its proximity to other RealT properties, such as 1 Holdings Kitchener and 1 Holdings Conner, provides token-holders with economy-of-scale benefits, contributing to the ongoing revival in the dynamic Riverbend neighborhood.
Disclaimer: Information Sourced from External Platforms
The information provided on this page is sourced from the respective Real Estate Token platforms homepage. We make every effort to ensure the accuracy and reliability of the information presented, but we cannot guarantee its completeness or timeliness. This website contains data, images, and descriptions that are subject to copyright and intellectual property rights of third parties. We do not claim ownership of the information displayed and acknowledge the rightful ownership of the respective content by the original sources. If you are a rights holder and believe that your content has been used inappropriately, please contact us immediately for resolution. We are committed to addressing any concerns and ensuring compliance with copyright laws. Please note that the availability, prices, and details of properties may change, and it is advisable to verify the information independently before making any decisions based on the content provided on this platform.
