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20 Oakland Beach Avenue Avenue, Warwick

20 Oakland Beach Avenue Avenue Warwick

$7,500,000
39,612 sq ft

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The Property

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.

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Listing Details

MLS Number

1370933

Lot Size:

2.68 acres

Features

  • Rural
  • Year Built: 1960

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Listed by Horvath & Tremblay

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