Elite Realty Experts, LLC
Vicky Kustov, Elite Realty Experts, LLCPhone: (781) 956-7789
Email: [email protected]
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listing
1 of 39
MultifamilyFor Sale
$7,500,000
35&50, 20 Lake St, Oakland Beach Ave
Warwick, RI 02886
Courtesy of Horvath & Tremblay - null null
MLS Property Information Network
82Beds
45Baths
39,612Sq Ft
Est. Mortgage
$38,814/mo

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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Information courtesy of Horvath & Tremblay is subject to verification and is not guaranteed.
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