Over 100 East End apartments to be converted into condos

Richmond Oakwood Villas.jpg
Posted at 10:22 AM, Aug 08, 2022
and last updated 2022-08-08 11:43:16-04

RICHMOND, Va. — By utilizing an unconventional real estate maneuver, a local firm is looking to bring over 100 affordable homes to the East End. The investment arm of John B. Levy & Co. recently purchased the 130-unit Villas at Oakwood apartments for $10.7 million and is planning to convert those units into for-sale condominiums priced at around $150,000 apiece. Located at 3526 E. Richmond Road, the 56-year-old complex was initially built as apartments before being “broken” and turned into condos around 2007, said John B. Levy & Co.’s Bram Levy. Read more on Richmond Bizsense.

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