Oasis Homewood: Difference between revisions
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'''Oakwood Apartments''' is a | '''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. | 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 [[2021]] for $4.5 million. | [[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== | ==References== | ||
* Van der Bijl, Hanno (August 14, 2019) "Local firm scoops up several multifamily properties in Bham for $12.5M." {{BBJ}} | * Van der Bijl, Hanno (August 14, 2019) "Local firm scoops up several multifamily properties in Bham for $12.5M." {{BBJ}} | ||
* Van der Bijl, Hanno (February 3, 2021) "SCI Group acquires Oakwood Apartments in Homewood for $4.5M." {{BBJ}} | * Van der Bijl, Hanno (February 3, 2021) "SCI Group acquires Oakwood Apartments in Homewood for $4.5M." {{BBJ}} | ||
* Van der Bijl, Hanno (June 8, 2021) "Homewood apartment property off Green Springs Highway sells for $5.64M." {{BBJ}} | |||
[[Category:Homewood apartments]] | [[Category:Homewood apartments]] | ||
[[Category:Carr Avenue]] | [[Category:Carr Avenue]] | ||
Latest revision as of 15:42, 8 June 2021
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