Homes for sale - 35&50, 20 Lake St, Oakland Beach Ave, Warwick, RI ...

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Liam Mallon

mallonrealtor@gmail.com +1(401) 903-0688

$ 7,500,000

Est. payment | -/mo

82 Beds

45 Baths

39,612 SqFt

Save

$ 7,500,000

Est. payment | -/mo

Save

82 Beds

45 Baths

39,612 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 39,612 sqft

Price per Sqft $189

MLS Listing ID 73302196

Bedrooms 82

Full Baths 45

Year Built 1960

Annual Tax Amount $54,196

Tax Year 2024

Lot Size 2.680 Acres

Acres 2.68

Property Description

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.

Location

State RI

County Kent

Zoning Comm Apts

Direction Please use GPS

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, T-Station, University

Waterfront Description Beach Front,1/2 to 1 Mile To Beach

Roof Type Shingle,Rubber

Total Parking Spaces 80

Garage No

Building

Lot Description Other

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay

Helping real estate be fast, fun and stress-free!

+1(401) 903-0688

mallonrealtor@gmail.com

386 Market St, Warren, RI, 02885, USA

35&50, 20 Lake St, Oakland Beach Ave Warwick, RI 02886