MC Investment Properties, LLC purchased an Olathe apartment complex called Covington Pointe I at 1558 - 1580 E 125th St. in Olathe, KS from a partnership Covington Pointe, LP and DMR Partnership. The property transferred on Jan. 4, 2007 at a $1.27 million sales price or $396,875 per unit. Delivered in 1990, the 45,760-square-foot, 32-unit complex consists of four, two-story buildings. Unit mix includes 12 one-bedroom and 20 two-bedroom apartments. Jeffrey Lamott of Hendricks & Partners represented the sellers in direct negotiations with MC Investment Properties.