Active

20 Oakland Beach Avenue Avenue

Warwick RI, 02889

$7,500,000


$189.34 per sqft

Active

39,612 sqft

Commercial

Built in 1960

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.

1370933

MLS ID

October 15, 2024

Listed

October 26, 2024

Updated

Map

20 Oakland Beach Avenue Avenue
Warwick RI, 02889

Interior Features

Total Stories

0


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.68 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$54,196


Tax Frequency

Annually


Days on Market

10


Garage

No


Parking Total

80


View

No


County

Kent


Pool

No

 

Courtesy of Horvath & Tremblay

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Global Luxury® are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 5:10 AM UTC, 10/26/2024.

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