Pending
Under Agreement
35&50, 20 Lake St, Oakland Beach Ave
Warwick RI, 02886
$7,500,000
$189.34 per sqft
Pending
Under Agreement
82 Beds
45 Baths
39,612 sqft
Multi-family
Built in 1960
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.
73302196
MLSⓇ ID
October 15, 2024
Listed
December 2, 2024
Updated
Map
35&50, 20 Lake St, Oakland Beach Ave
Warwick RI, 02886
Interior Features
Total Stories
3
Bedrooms
82
Total Bathrooms
45
Full Bathrooms
45
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.68 Acres
Lot Features
Other
Roof
Shingle, Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$54,196
Tax Frequency
Annually
Days on Market
48
Garage
No
Parking
Off Street
Parking Total
80
View
No
County
Kent
Water Source
Public
Pool
No
Zoning
Comm Apts
Listing History
Date | Event | Price |
|---|---|---|
12/2/2024 | Pending | — |
Courtesy of Dennis Kelleher, Horvath & Tremblay
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Data last updated 10:49 PM UTC, 12/2/2024
