Many Apartments in Wichita Too Run-Down to Repair, Rent
18.05.12
On the north side is Pinecrest Village, 40 brick fourplexes built by Willard Garvey in 1955. Garvey’s company, Builders Inc., still owns it and says it has put well over $10 million into it and nearby units over the last 15 years. The units are nice and up-to-date, if small, and occupancy is strong.
Across the street, a block south of Harry, sit the Battin Apartments, identical fourplexes also built by Garvey around the same time. They have been vacant for several years. Many are boarded up; scorch marks adorn one building.
The Battin Apartments are in foreclosure and caught in the bankruptcy of Oklahoma City landlords Lew McGinnis and Jennifer Price. They are presently for sale – and therein lies an interesting question.
Source: LoanSafe