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$7,500,000
10 Days Online

35&50, 20 Lake St, Oakland Beach Ave
Warwick, RI 02886

For Sale|Multi Family|Active
82
Beds
45
Full Baths
0
Partial Baths
39,612
SqFt
$189
/SqFt
1960
Built
County:
Kent

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35&50, 20 Lake St, Oakland Beach Ave35&50, 20 Lake St, Oakland Beach Ave35&50, 20 Lake St, Oakland Beach Ave35&50, 20 Lake St, Oakland Beach Ave
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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 Snapshot
Price 
$7,500,000
Days Online 
10 Days
Bedrooms 
82
Inside Area (SqFt) 
39,612 sqft
Total Baths 
45
Full Baths 
45
Partial Baths 
N/A
Lot Size 
2.68 Acres
Year Built 
1960
MLS® Number 
73302196
Status 
Active
Property Tax 
$54,196
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen online
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
2.68
Buyer Agent Compensation 
1.75
Foundation 
Other
Number Of Stories 
3
Parking 
Off Street
Parking Spaces 
80
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
39612
Water Source 
Public
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Exterior Features
Lot Features 
Other
Roof 
ShingleRubber
Waterfront 
Yes
Waterfront Features 
Beach Front
Community Features
Community Features 
Park
Listing courtesy of Dennis Kelleher of Horvath & Tremblay



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Data Last Updated at 2024-10-26 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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