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Property Amenities
Property Description
12641 Elmdale This classic brick 23-unit multi-family is located east of the city, where we have already developed a concentric circle. The property is close to the neighborhoods of Grosse Pointe Park, Grosse Pointe and Grosse Pointe Farms where luxury properties are located. Our tenants can work in these properties as cleaners, gardeners, and maintenance workers. Elmdale was acquired by its current seller in 2020. Shortly after, the seller renovated the roof and the top floor. To continue these improvements, we have budgeted $96,000 for our own renovations, which will bring the 15 units on the first two floors up to Section 8 standards. We have forecast a requirement of $6,000 per unit for a total of $90,000; the remaining $6,000 will be used to upgrade the common areas. We estimate it will take two months to renovate and stabilize each floor, for a total of approximately four months to renovate and stabilize this property with an expected rental income of 9.05%.
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Frequently asked questions:
Genov-grpup is a platform that offers simplified investments in real estate and cryptocurrency. Our mission is to democratize access to real estate with crypto, by making it possible to buy and sell properties with cryptocurrencies, and also investing with crypto to maximize profit, it was curated by a team of professional investors and entrepreneurs.
There are several payment options to receive your daily rent payment: • You can receive it directly in USDT in hour blockchain wallet via Bitcoin, Bitcoin cah and Ethereum.
Investors are only paid when rent is collected. If rent is not collected from the tenant, then there is no rent to send out. However, in the event that a tenant does not pay rent, the property management company is also not paid for their services. The property management company is only paid for the months that there is a tenant in the property If a tenant is delinquent on their rent, they will be evicted from the property and replaced with a more creditworthy tenant.
Genov outsources properties and digital management team filled with professionals. Of course, we still carefully monitor and care for all investment and each of the properties owned by investors, cryptocurrency investment is manage my Genov-group itself, it is responsible for generating and maximizing profit for its investors.
Investors are only paid when rent is collected. If rent is not collected from the tenant, then there is no rent to send out. However, in the event that a tenant does not pay rent, the property management company is also not paid for their services. The property management company is only paid for the months that there is a tenant in the property If a tenant is delinquent on their rent, they will be evicted from the property and replaced with a more creditworthy tenant.
Our team of highly experienced real estate investors carefully curate real estate opportunities across several countries for Genov-group customers to invest in. Properties will range from large apartment buildings in popular areas to low-cost single-family homes, all with high rental rates. Each has been renovated, brought up to code, taxes, and utilities paid up to date and rented to suitable tenants.
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Available for funding : $19,000.00
