Real Estate Notes for Nov. 10

Real Estate Notes for Nov. 10

 
| Modified: November 9, 2012 at 6:48 pm | Published: November 10, 2012    Comment on this article Leave a comment

About space

West Pointe Apartments sold

Woodrow Village Apartments LLC has bought the 82-unit West Pointe Apartments, 7321 Lyrewood Lane, from family trusts that owned it since 2004, in a transaction handled by Mike Buhl of Commercial Realty Resources Co. The purchase price was $1.775 million, or $21,646 per unit.

photo - The West Pointe Apartments, at 7321 Lyrewood Lane, are shown.  PHOTO PROVIDED BY COMMERCIAL REALTY RESOURCES CO.
The West Pointe Apartments, at 7321 Lyrewood Lane, are shown. PHOTO PROVIDED BY COMMERCIAL REALTY RESOURCES CO.

Multimedia

West Pointe, built in 1978, has 85,920 square feet in seven two-story apartment buildings, an office-laundry and a swimming pool. West Pointe was 75 percent occupied. The buyer also owns 168-unit Putnam Green Apartments nearby at 7525 Knight Lake Drive. The properties are south of W Wilshire Boulevard and east of N Rockwell Avenue. The buyer is starting cosmetic improvements and interior upgrades at West Pointe.

“The buyer now controls 250 units at this location which will be managed together to provide operating efficiencies,” Buhl said. “The buyer expects to duplicate the success he has had in repositioning the Putnam Green Apartments, which now operates at near 95 percent occupancy.”

Habit program aids vet, his family

Central Oklahoma Habitat for Humanity will unveil a newly renovated home to complete the 2012 Veterans Critical Home Repair Program sponsored by Home Depot Foundation in a ceremony at 10:30 a.m. Saturday. Central Oklahoma Habitat is one of 84 Habitat affiliates participating in the program nationally.

Deric Isaac, a veteran of the Air National Guard, and his wife, Amanda, applied for the program so they could provide their four young children with a safe living environment. The program helps veterans with limited incomes restore homes with repairs such as weatherization, painting, landscaping, minor structural repairs as well as ramps, grab bars and other modifications for people with disabilities.

Page 1 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
New Rule in VIRGINIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com

News Photo Galleriesview all

Advertisement



More housing Articles

Oklahoma Attorney General: Post-tornado donors beware May 21, 2013 Charity fraud, scammers and price gougers sometimes as common as debris after a storm disaster, Attorney General Scott Pruitt warns. Read More
Price gouging law in effect in Oklahoma after tornadoes May 21, 2013 Gov. Mary Fallin's emergency declaration put the Oklahoma Emergency Price Stabilization Act in effect for 16 counties. Read More
Symphony Show House wraps up Sunday May 18, 2013 “The Trio in The Abbey” has three new homes for sale in “The Abbey,” a subdivision of the Fairview Farms neighborhood at NW 150 and Western Avenue. Read More
Central Oklahoma Habitat for Humanity's approach seen in Bible stories May 18, 2013 Parallels to the ecumenical homebuilding ministry's approach can be found in the Bible. Read More