440 Louden Ave
Asset Issuer
Lofty AI
Asset Platform
Lofty AI
Asset Name
440 Louden Ave
Asset Class
Real Estate
Asset Type
Duplex
Asset Abbreviation
440-Louden-Ave_Dunedin-FL-34698
Asset Fraction Price
$ 61.40
Asset Fraction Yield
13.61%
Asset Fraction Maturity
N/A
Min. Investment Size
$ 61.40
Asset Fraction Sale End Date
Asset
Valuation
$ 452,450
Category
Description
Just 30 minutes west of Tampa on Florida's Gulf Coast, Dunedin is home to unspoiled islands, white-sand beaches, miles of trails, and a lively, bike-friendly downtown of quaint shops, craft breweries, and independent eateries. Visitors can explore Dunedin's outdoors in a variety of ways. Dunedin is known for Honeymoon Island which is linked to the mainland by Dunedin Causeway, offering views over St. Joseph Sound. Downtown, Hammock Park is home to owls, woodpeckers and a butterfly garden. The Fred Marquis Pinellas Trail runs through the city.
Features
• Location: Dunedin, Florida (ZIP code 34698)
• Type: Renovated duplex, half a mile from the ocean
• Size: 2 bedrooms, 2 bathrooms, 932 sq ft (main units) + detached oversized garage (1,080 sq ft)
• Fully occupied rental property with 3 income sources:
• Unit A: $1,425/month lease until 06/30/2025
• Unit B: $1,425/month lease until 12/31/2025
• Garage Unit: $575/month lease until 12/31/2025 (same tenant as Unit B)
• Renovations: new garage roof, two new AC units, new water heater, new appliances, new flooring & paint
• Seller providing $6,650 credit for future roof replacement
• Located in a popular coastal town with beaches, trails, and a lively, bike-friendly downtown
• Managed by Whalec Property Management (recently changed from seller's sole proprietorship via governance vote)
• Loan balance: $290,303.63 (paid by seller, increasing his equity over time)
• Projected annual return: 17.91%
• Projected rental yield: 13.61%
• Governance system allows co-owners to vote on management and financial decisions
• "B+" rating for ZIP code on Niche
Details
Asset Platform URL
http://lofty.ai/
Asset Location
United States
Regulatory Jurisdiction
Dunedin, FL 34698
Asset Fraction Type
Security Tokens
Asset Standard
N/A
Blockchain Network
N/A
Total Asset Fraction Supply
9,049 tokens
Asset Fraction Sale Allocation
849 tokens
Total Asset Fractions Sold (So Far)
3,243 tokens
Max. Investment Size
N/A
Asset Fraction Sale Start Date
June 21, 2024
Assesment/Rating Provider
Assesment/Rating
Assessment/Rating Proof
Financial Statements
Financial Audits
Asset Valuation
$ 452,450
Asset Valuation Documentation
Asset Ownership Structure
Company Registration
License or Regulatory Framework
Smart Contract
Smart Contract Audit
Whitepaper
