Multi-Family for Sale: 35&50, 20 Lake St, Oakland Beach Ave, Warwick, RI 02886

82 beds
45 full baths
39,612 sqft
$7,500,000
$7,500,000
35&50, 20 Lake St, Oakland Beach Ave, Warwick, RI 02886
82 beds
45 full baths
39,612 sqft
$7,500,000
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Price:
$7,500,000

Type Multi-Family
Beds 82
Total Baths 45 full baths
Square Feet 39,612 sqft
Lot Size 2.68 acres
Year Built 1960

City Warwick
County Kent

MLS 73302196
Status Active
DOM 37 days
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.

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $54,196
Water Public
Foundation Other
Roof Rubber, Shingle
Full Baths 45
Parking Off Street
Total Rooms 99
Garage Spaces 0
Waterfront 1/2 to 1 Mile To Beach, Beach Front

Price History of 35&50, 20 Lake St, Oakland Beach Ave, Warwick, RI

Date Name Price Difference
10/15/2024 Listing Price $7,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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

Location Map Street View
Photo of Emily Balkus
Emily Balkus
REALTOR®
Direct: 603-489-9875
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360
Listed by Horvath & Tremblay, Dennis Kelleher
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35&50, 20 Lake St, Oakland Beach Ave (MLS #73302196) is a multi-family listing located in Warwick, RI. This multi-family listing is 39,612 sqft and on a lot of 116,740 sqft (or 2.68 acres) with 82 bedrooms, 45 baths and is 64 years old. This property was listed on 10/15/2024 and has been priced for sale at $7,500,000.

Nearby zip codes are 02806, 02888, 02889, 02910 and 02915. This property neighbors other cities such as Barrington, Cranston, East Greenwich, East Providence and West Warwick.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Horvath & Tremblay

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.