Meadowbrook Apartments Sell

The Meadowbrook Apartments, located at 444 South Mingo Road, have sold to Benison Ventures V LLC for $2.65 million. The seller of the property was Dream Investments Inc. David Cooper of Yukon is listed at the registered agent for Dream Investments. Raymond Lord is listed as the registered agent for Benison Ventures.
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The apartment complex, which is currently 91 percent occupied, includes 117 rental units, 55 one-bedroom and 62 two-bedroom. It sits on 8.71 acres of land and consists of 12 two-story wood frame apartment buildings with brick veneer and wood siding, pitched roofs and composition shingles.
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Amenities to the community include a clubhouse and leasing office, swimming pool, and laundry facilities. The complex includes 167 paved parking spaces.
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Max. A. Heidenreich & Raymond W. Lord of NAI Commercial Properties brokered the deal.
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The buyers plan to make improvements to the property and reposition it in the Tulsa rental market.



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