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440 Louden Ave
440 Louden Ave
Dunedin, FL 34698
About
Renovated Duplex located half a mile from the ocean in Dunedin, Florida
Offering Details
- Alec Vanbeek 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. Alec will maintain at least 10% ownership in the LLC indefinitely.
- View proof of Alec's ownership prior to the title transfer here. View proof of title transfer to the LLC here. View the LLC documents here.
Property Details
- Fully occupied Duplex located just a half-mile from the ocean
- Updates include a new garage roof, two new AC units, new water heater, new appliances, and new flooring & paint
- Includes a detached, oversized garage at 1,080 sq ft which is rented by one of the tenants
- 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
- Alec is providing a credit of $6,650 for a new roof, based on this estimate, once the current roof reaches the end of its expected life
- Items repaired from the inspection report can be viewed here
Property Management and Insurance
- Managed by the seller, Whalec Property Management
- Property Management Agreement
- Insurance Policy from Citizens
Property Leverage
- This property has a loan of $290,303.63. View the loan agreement here
- As the seller, Alec Vanbeek, pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.
Occupancy Status
- Unit A
- 1 year lease (12/01/2024 - 06/30/2025)
- $1,425/month
- $1,400 Security Deposit
- Lease Agreement
- Unit B
- 1 year lease (01/01/2025 - 12/31/2025)
- $1,425/month
- $1,300 Security Deposit
- Lease Agreement
- Garage Unit
- 1 year lease (01/01/2025 - 12/31/2025)
- $575/month
- $500 Security Deposit
- Same tenant as Unit B
- Lease Agreement
Location Data
- "B+" Rating for Zip Code on Niche
Due Diligence Documents
Property Management
Whalec Property Management
Whalec Property Management LLC is a specialized property management company with proven experience in the Lofty marketplace ecosystem. Led by Alec Vanbeek, the company brings a unique understanding of tokenized real estate management and the specific requirements of properties with distributed ownership structures.
Due Diligence Documents
About this offering
The Market
Dunedin, FL
Dunedin, FL offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Governance results for 440 Louden Ave:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
YES: You approve the mandatory buyback of all tokens at $52.00 per token at the time of closing. The closing will occur within March 2026.
This was voted on by 48 participants in total. Out of the total number of participants, 39 voted for the winning vote, totaling 90% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculation as opposed to the default of 1 token equals 1 vote.
The voting results can be found on chain here or by searching the application ID: 3482434915
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
440 Louden Ave
Dunedin, FL 34698
About
Renovated Duplex located half a mile from the ocean in Dunedin, Florida
Offering Details
- Alec Vanbeek 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. Alec will maintain at least 10% ownership in the LLC indefinitely.
- View proof of Alec's ownership prior to the title transfer here. View proof of title transfer to the LLC here. View the LLC documents here.
Property Details
- Fully occupied Duplex located just a half-mile from the ocean
- Updates include a new garage roof, two new AC units, new water heater, new appliances, and new flooring & paint
- Includes a detached, oversized garage at 1,080 sq ft which is rented by one of the tenants
- 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
- Alec is providing a credit of $6,650 for a new roof, based on this estimate, once the current roof reaches the end of its expected life
- Items repaired from the inspection report can be viewed here
Property Management and Insurance
- Managed by the seller, Whalec Property Management
- Property Management Agreement
- Insurance Policy from Citizens
Property Leverage
- This property has a loan of $290,303.63. View the loan agreement here
- As the seller, Alec Vanbeek, pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.
Occupancy Status
- Unit A
- 1 year lease (12/01/2024 - 06/30/2025)
- $1,425/month
- $1,400 Security Deposit
- Lease Agreement
- Unit B
- 1 year lease (01/01/2025 - 12/31/2025)
- $1,425/month
- $1,300 Security Deposit
- Lease Agreement
- Garage Unit
- 1 year lease (01/01/2025 - 12/31/2025)
- $575/month
- $500 Security Deposit
- Same tenant as Unit B
- Lease Agreement
Location Data
- "B+" Rating for Zip Code on Niche
Due Diligence Documents
Property Management
Whalec Property Management
Whalec Property Management LLC is a specialized property management company with proven experience in the Lofty marketplace ecosystem. Led by Alec Vanbeek, the company brings a unique understanding of tokenized real estate management and the specific requirements of properties with distributed ownership structures.
Due Diligence Documents
Offering Details
The Market
Dunedin, FL
Dunedin, FL offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Governance results for 440 Louden Ave:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
YES: You approve the mandatory buyback of all tokens at $52.00 per token at the time of closing. The closing will occur within March 2026.
This was voted on by 48 participants in total. Out of the total number of participants, 39 voted for the winning vote, totaling 90% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculation as opposed to the default of 1 token equals 1 vote.
The voting results can be found on chain here or by searching the application ID: 3482434915
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$3,250.00
Monthly Rent
$3,250.00
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.