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20 Oakland Beach Avenue Avenue Warwick

$7,500,000
39,612 sq ft

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

Market Trends for Commercial
in Warwick

  • Overview
    Homes for Sale Today5022% increase in inventory
    New on Market *8-46.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$158.74$90 increase in List Price/Sq.Ft.
    Avg. Sale Price *$120,550$310,450 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.82%-5.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$1.00$150 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *270157 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Horvath & Tremblay

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