Oasis Homewood
Oasis Homewood, formerly Oakwood Apartments is a 60-unit apartment complex located along Oak Leaf Circle, behind the Urban Air Trampoline & Adventure Park and abutting I-65 at the end of Carr Avenue in Homewood.
The complex is made up of five two-story brick-clad buildings arrayed around a grassed courtyard with a playground and swimming pool.
H2 Real Estate purchased Oakwood Apartments from the Beacon Park Land Co. as part of a package with two other properties. A group of investors led by Mark Elwood purchased them from H2 in 2019 for $3.85 million. Strategic Capital Investment Group of Jacksonville, Florida acquired the complex from them in January 2021 for $4.5 million, and then flipped it to Sierra Leone-based gambling tycoon Martin Michael for $5.64 million in June of the same year. Michael's company planned interior renovations and exterior upgrades, including an entry gate.
References
- Van der Bijl, Hanno (August 14, 2019) "Local firm scoops up several multifamily properties in Bham for $12.5M." Birmingham Business Journal
- Van der Bijl, Hanno (February 3, 2021) "SCI Group acquires Oakwood Apartments in Homewood for $4.5M." Birmingham Business Journal
- Van der Bijl, Hanno (June 8, 2021) "Homewood apartment property off Green Springs Highway sells for $5.64M." Birmingham Business Journal