Roof is 6 yrs old. Almost all new vinyl windows, 2 still on order to be replaced. First floor is vacant & has been cleaned & ready to go.
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 four 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.
Fantastic opportunity to own a two units mixed-use building with two lots. The description will not do justice. I suggest you take a look in person and learn about the possibilities.
Discover a unique residential opportunity with this versatile property, featuring two homes on one lot. Ideal for investors or those seeking a multi-generational living arrangement, both properties can be delivered vacant if desired, offering flexibility and potential for customization. While in need of renovating and upgrading, this property presents a fantastic canvas to create your dream homes or lucrative rental units. Situated in a great location, you'll enjoy easy access to nearby amenities, schools, and major highways, making it a convenient and desirable place to live. With tons of potential, you can transform these homes into modern, stylish residences that meet your needs or generate substantial rental income. This property is a rare find with endless possibilities. Don't miss out on the chance to invest in a prime piece of real estate with incredible potential!
This versatile two-family home presents an excellent opportunity, whether you're looking for an owner-occupied property with a rental unit or two income-producing units. Priced well below the average multi-family home in Rhode Island, this property is a steal. Key features include a brand new roof and gas furnace, installed just last year. The first floor offers two bedrooms, a full bathroom, kitchen, living room, and laundry room. A large three-season porch can be shared or kept private. Upstairs, the private second-floor unit features an open floor plan with a bedroom area, kitchen area, generous closet/storage space, and a full bathroom. A newly built deck is an added bonus. Hardwood flooring has been revealed throughout after the recent removal of carpets, adding timeless charm. Nestled in a well-maintained, charming neighborhood, this property sits on a private, quiet lot with ample backyard space - perfect for gatherings with friends and family. This home offers numerous customization opportunities for the new owner to make it their own. Convenient highway access and proximity to all points of interest complete the package.
The median home value in Warwick, RI is $326,200. This is lower than the county median home value of $364,400. The national median home value is $338,100. The average price of homes sold in Warwick, RI is $326,200. Approximately 68.12% of Warwick homes are owned, compared to 26.69% rented, while 5.19% are vacant. Warwick real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Warwick real estate agent to arrange a tour today!
Warwick, Rhode Island 02886 has a population of 82,666. Warwick 02886 is less family-centric than the surrounding county with 27.89% of the households containing married families with children. The county average for households married with children is 29.38%.
The median household income in Warwick, Rhode Island 02886 is $77,110. The median household income for the surrounding county is $79,880 compared to the national median of $69,021. The median age of people living in Warwick 02886 is 44.6 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 48.1 inches per year, with 32.2 inches of snow per year.