Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

35&50, 20 Lake St, Oakland Beach Ave

Warwick, RI ID #73302196

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Zip Code: 02886
  • Taxes: 54,196
  • Living Levels: 3
  • Acres: 2.68

Parking

  • Parking: Off Street
  • Parking Spaces: 80

Rooms/Dimensions

  • Total Units: 45
  • Total Floors: 3
  • Total Rooms: 99

Location

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

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Dennis Kelleher of Horvath & Tremblay. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.