35-50 20 Lake Street
$7,500,000
82
45
39,612
39,612
$189
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,...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.
- Listed by Dennis Kelleher • Horvath & Tremblay
- Listed by Sean McHale • Horvath & Tremblay
- Listed by John Pentore • Horvath & Tremblay
Property Details for 35-50 20 Lake Street
Town
Warwick
AreaRI-Warwick
Garage Spaces0
Parking Spaces80.00
Parking Spaces Total80
LISTING UPDATED: 10/19/2024 03:05 AM
Property Details for 35-50 20 Lake Street
Status | Active |
---|---|
MLS # | 73302196 |
Days on Market | 37 |
Taxes | $54,196 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Up/Down |
Year Built | 1960 |
County | Kent County |
Building Information for 35-50 20 Lake Street
Stories3Residences45Year Built1960Building Size-Lot Size2.68 AC / 116,740 SF
Property Information for 35-50 20 Lake Street
Property History for 35-50 20 Lake Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 35-50 20 Lake Street
This home is within Warwick School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Oakland Beach School PublicPK to 5 | ||
Warwick Veterans Jr. High School Public6 to 8 | ||
Pilgrim High School Public9 to 12 | ||
Park School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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