Description
Farmington Village Condo Sale
This 2 bed / 1 bath ranch style condominium unit is located in the quiet and professional Farmington Village complex in Farmington, Connecticut. The unit is within walking distance to Unionville Center, restaurants and Farmington river. It’s an easy commute to shopping, schools and the public library. The apartment is bright and tastefully finished with a full kitchen and full bathroom.
The unit was last used as an investment property that generated positive cash flow. The owner is now selling it through traditional means but complemented with an NFT. Interested buyers can schedule a viewing by emailing the listing agent Lance Camby at lance.camby@robertcwhite.com.
Asking Price
Last Gross Rent
Net (of Expenses) Rent
Annual Rent Return
Facts & Features
Type:
Condominium
Year Built:
1964
Building:
16 Units
Size:
719 Square Feet
HOA:
$268/month
Annual Taxes:
$1,710
Parking:
Carport
Heating:
Baseboard, Electric
Cooling:
Wall Unit(s)
LISTING
NFT Details
The incorporation of an NFT in the sale serves as an example for how cryptocurrency and digital tokens can complement the existing framework of real estate transactions. With an NFT attached to the property, the sale listing is automatically added to NFT marketplaces around the world, making it possible to be discovered by a broader range of potential buyers. The NFT doesn’t replace the traditional process, but immediately adds a new marketing channel and the option to purchase via cryptocurrency in addition to fiat. It also allows the seller to provide more information than a typical real estate listing, such as rental history and relevant documents.
The NFT opens up the possibility for different types of transactions in the future, such as fractionalization (timeshares and partial rental income) and immediate flipping.
FIAT:
FULL PURCHASE
$125,000 oBO
1. Your offer is in fiat (cash or financed)
2. If offer is accepted, payment is made through traditional process
3. You have option to request the NFT be sent to your cryptocurrency wallet address
CryptocurrencY:
FULL PURCHASE
$125,000 OBO
1. You offer by bidding on the NFT
2. Contact the listing agent
3. If offer is accepted, payment is automatically made through cryptocurrency and the NFT is transferred to your wallet
CRYPTOCURRENCY:
FRACTIONAL OWNERSHIP (e.g. 1/100)
$1,250
If no full purchase offer is accepted, owner will continue renting the property and fractionalize the investment
FULL DETAILS TO BE DETERMINED