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For Sale

Foundry Lofts

413 E Huron St,
Ann Arbor, MI 48104
Represented by
Newmark

Asset Snapshot

N/A
Multifamily Subtype
2016
Year Built
4.47 Acres
Land Area
204 Units
Unit Count
194,548 SF
Property Size

Offering Summary

Investment Overview

Prime Downtown Location with Direct Campus, Medical, and Riverfront Access Foundry Lofts sits just 0.2 miles from University of Michigan (UM), placing residents within walking distance of central campus, the Medical Campus, downtown Ann Arbor’s core dining corridor, and the Huron River trail system


Investment Highlights

  • Compelling Value-Add Opportunity with 100% Bed-to-Bath Parity
  • Foundry Lofts offers new ownership a clear path to increase NOI by $651,300 through a 25% return-on-cost renovation program, bridging a measurable rent gap to newer-vintage comps by upgrading community amenities and unit interior finishes

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