20 Lake St Oakland Beach Ave Warwick, RI

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Lake St Oakland Beach Ave, Warwick, Home For Sale

Price: $7,500,000
Address: 20 Lake St Oakland Beach Ave
City: Warwick
State: RI
Zip:
Bathrooms: 10+
Fee: No
Provided By: RealtyWW

Description:

The Oakland and Lake Estates multi-family investment portfolio is located at 35 and 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.For more details: https://realtyww.info/homes_warwick-d530380/for-sale_i77087906

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