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192-Unit Apartment Complex May Be Next Condo Conversion

CHESTERFIELD, MI-The 192-unit Oakview Square Apartments complex is put on the market for $10.25 million. With 20 one-bedroom and 172 two-bedroom units, the complex is being marketed as a potential condominium conversion.

By Natalie Keith | Updated on April 24, 2006

(To read more on the multifamily market, click here.)

(Natalie Keith is a contributing writer to GlobeSt.com.)

CHESTERFIELD, MI-The 192-unit Oakview Square Apartments complex has been put on the market for $10.25 million, or approximately $53,385 per unit. The 162,432-sf complex located at 50440 Oakview Dr. was constructed in 1992 and consists of 16 two-story rental buildings with 20 one-bedroom units and 172 two-bedroom units. Amenities include a pool and clubhouse and carports for 40 vehicles. One-bedroom units rent for $585 and two-bedrooms for $620.

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