35&50 , Warwick, RI 02886
Warwick, RI 02886
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.
Details
| Mls | 73302196 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 53 |
| Listing Provided By | Horvath & Tremblay | Dennis Kelleher |
Features
| Beds | 82 |
|---|---|
| Baths | 45 Total |
| Sq Feet | 39,612 |
| Storys | 3 |
| Units | 45 |
| Zoning | Comm Apts |
| Acreage | 2.68 |
| Water Front | Yes |
Market Activity 02886
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Learn More About This Property
| State | RI |
|---|---|
| County | Kent |
| City | Warwick |
| Zip Code | 02886 |
| Area | Kent |
| Listing VS Median (in 02886) | |
Price: $7,500,000 low | high Med: $244,962 SqFt: 39,612 low | high Med: 1,815 $ / SqFt: $189 low | high Med: $161 On Site: 53 low | high Med: 132.500000 | |