20 Oakland Beach Avenue Ave, Warwick, RI

$7,500,000

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39,612

Square feet

About 20 Oakland Beach Avenue Ave

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.

Pricing and availability subject to change.

Features of 20 Oakland Beach Avenue Ave

MLS® # 1370933
Price $7,500,000
Square Footage 39,612
Acres 0.00
Year Built 1960
Type Commercial Sale
Sub-Type Commercial
Status Pending

Community Information

Address 20 Oakland Beach Avenue Ave
City Warwick
County Kent
State RI
Zip Code 02889

Amenities

Parking Spaces 80
Is Waterfront No
Has Pool No

Interior

Has Basement No

Exterior

Exterior Brick
Construction Brick

Additional Information

Date Listed October 15th, 2024
Days on Market 20
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHorvath & Tremblay

Listing Map

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