Research Loft Amenities
Research Lofts breaks the mold for loft living in Detroit. Research Lofts offers modern styled units in a Nationally listed historic industrial style building.
Research Loft offers dramatic open spaces, high ceilings, volumes of natural daylight, exposed brick, martini glass style columns, exposed wood beams and timbers, all provided in the historical charmed setting of Old Detroit. Research Lofts provides all the modern amenities and conveniences an owner wants and expects with the REAL LOFT historical building characteristics that truly define a LOFT.
Research Lofts is at the heart of Detroit’s cultural community. It is within walking distance to Wayne State University, and minutes from downtown and other adjacent communities.
Research Lofts offers a unique opportunity for a first time buyer to have their own REAL LOFT unit at a price that is affordable. To purchase a loft at Research Lofts, an owner would have to earn approximately $35,000/year* to qualify for many of the units. (* Subject to financing approval)
Each Loft Unit Includes
On the Outside
On the Inside
In the Kitchen
In the Bathroom
Optional Upgrade Features Include
For the Unit
Options for the Kitchen
Options for the Bathroom
For the Real Estate Loft Investor
Research Lofts offers unique opportunities for investors who are looking to build equity and create rental income.
Research Lofts has been approved for to reduced property taxes for the next 12 years
If the loft investor chooses to invest instead of living in their unit, the loft investor may rent their loft unit out to produce rental income which would allow the owner investor to receive Historic Tax Credits from the Federal government and State of Michigan. The investor can either use these credits themselves or Research Lofts can arrange for their purchase in advance.
Example: The loft investor purchases loft unit No. 1 for $142,000. They will typically be required to put 10% down as an investment property, or $14,200. As long as the unit is held for income producing purposes, i.e. for rent, the loft investor will qualify for a tax credit. This tax credit could be as high as $25,000 to be used over the next 5 years, and can be carried into years beyond. So if a loft investor buys a unit they will IMMEDIATELY create $25,000 in equity for the credit. If this interests you, please contact us.
Additionally, comparable lofts in the area have seen rapid appreciation in their resale value. Lofts initially purchased for $140/sf have sold for over $200/sf in less than 4 years. This is over a 10% increase in the value and equity in the property for each of the years.
Step into a Real Loft.