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20 Oakland Beach Avenue AV, Warwick, RI
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.
Commercial:$7,500,000
MLS Number: 1370933 - PENDING
Lot Size:2.68 Acres
Year Built:1960
Listed By: Horvath & Tremblay
Appliances:
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Appliances:
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Architectural Style:
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Bathrooms:
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Beds:
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Business Type:
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Community Features:
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Construction Materials:
Brick
Cooling:
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Door Features:
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Electric:
Individual Meter
Existing Lease Type:
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Finished Floor:
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Fireplace Type:
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Fireplaces:
None
Garage Spaces:
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Handicap Accessible:
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Has View:
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Has Waterfront:
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Heating:
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Levels:
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Living Area:
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Lot:
Rural
Lot Frontage:
Neighborhood:
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Other Equipment:
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Other Structures:
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Owner Pays:
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Parking Features:
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Pool:
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Property Sub Type:
Commercial
PropertySubType:
Commercial
PropertyType:
Commercial
Rooms:
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Sewer:
Public
Stories:
Structure Type:
Apartment
Tenant Pays:
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Under Construction:
No
View:
--
Waterfront Features:
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Zip Code:
02889
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