Pending
20 Oakland Beach Avenue Avenue
Warwick RI, 02889
$7,500,000
$189.34 per sqft
Pending
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
November 22, 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
20
Garage
No
Parking Total
80
View
No
County
Kent
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/4/2024 | Pending | — |
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 Mott & Chase Sotheby's International Realty 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 7:32 PM UTC, 11/22/2024.