Lofty 2305 N 156th Pl

5 Bed 3 Bath Home with Indoor Swimming Pool

Offering Details

Chris R. transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Chris will maintain at least 10% ownership in the LLC indefinitely.
View proof of the Chris's ownership prior to the title transfer here. View proof of the title transfer here. View the LLC documents here.
Chris will pay a rental yield of 18% in Year 1, 12.5% in Year 2-3, and 7.5% from Years 4 to 10.
Chris will buy back all sold tokens in 10 years, on April 3rd, 2035. Chris may buy back the tokens at any time within the 10-year period. If the buy-back occurs before the 5-year mark, the price will be $55 per token; if after, the price increases to $60 per token.
Chris passed a criminal background check via Checkr and his credit score via LifeLock is 706.
Chris will pay for 100% of the property maintenance costs.
View additional terms here

Indoor swimming pool and expansive recreation area with space for basketball, ping pong, workout equipment, and more
Updated kitchen adjacent to a bar area, ideal for hosting and everyday use
Vaulted ceilings in the living room with gas fireplaces on both main and lower levels
Large primary suite featuring two oversized walk-in closets
Concrete pad in the backyard provides ample parking for RVs, trailers, or additional vehicles
View White Paper for Investors

This property has a loan of $422,089. The monthly loan payments are paid in full by the seller, Chris. View the loan documents here.

Occupied by the owner, Chris R.
Lease Agreement
The pool and pool house are rented separately to generate additional income for the property. This revenue is not currently included in owner distributions.
Property Management Agreement