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Villas at Oakwood Update 08/09/22

Local investment firm buys Villas at Oakwood for $10.7 Million 

A 130-apartment unit community has just recently been purchased for $10.7 Million by John B. Levy & Co. . The local investment firm is planning to convert those units into for-sale affordable housing condominiums priced at around $150,000 apiece. The apartment complex located at 3526 E Richmond Road, was originally built in 1968. Before they begin converting, renovating and relisting the apartments as condos, the firm first said it needs to find four more lenders to sign on to the project.










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