$7,500,000
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35&50, 20 Lake St, Oakland Beach Ave Unit 35&50, 2 Warwick, RI 02886
Multi-Family
Residence
82
Beds
45
Baths
Sq. Ft.
2.68
Acre
Lot
Property Activity
Time on Site
days
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The Oakland & Lake Estates multi-family investment portfolio is located at 35 & 50 Lake Street and 20 Oakland Beach Avenue in Warwick, RI. The Portfolio is a well maintained, stabilized asset in a growing, high demand real estate market that offers additional upside. The Portfolio is comprised of fo...ur multi-family buildings and contains forty-five residential units: two Studio units, four 1-Bed/1-Bath units, and thirty-nine 2-Bed/1-Bath units. Within the past three years, 31 units have been renovated, exteriors and interiors of the properties have been painted, hallway carpets have been replaced, and new high efficiency gas heating systems have been installed. The opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in the unrenovated units, allowing the incoming owner to maximize rents in a supply constrained market.
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MLS#
73302196
Property Type
Multi-Family
Bedrooms
82
Bathrooms
45 Full
Year Built
1960
Price per Sq. Ft.
$189.34
Lot Size
2.68
Sewer
Public Sewer
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