35&50, 20 Lake St, Oakland Beach Ave, Warwick, RI, 02886
99 rooms
82 beds
45 Full baths
1960
39,612 sqft
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.
Status:
Active
Type:
Multi-family
Units:
45
Zoning:
Comm Apts
Levels:
3
Parking:
80-car, Off Street
Acreage:
2.68
Est. Taxes:
$54,196
Assessment
$4,492,800
Lot Description:
Other
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, T-Station, University
MLS #:
73302196
Compensation Based On:
Net Sale Price
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Dennis Kelleher, Horvath & Tremblay Phone: 781-776-4000