Sold
35&50, 20 Oakland Beach Ave, Warwick, MA
Warwick · MA 02886
- $7,800,000
- Price
- 82
- Beds
- 45
- Baths
- 39612
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
45 Units
Lot size:
2.68 Acres Lot
Price per square foot:
$189 / Sq.Ft
Parking:
80 Off Street Spaces
About this home
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.
Neighborhood & Transit
35&50, 20 Oakland Beach Ave, Warwick · MA 02886
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 750 days
- Listing Price:
- $7,500,000
- Price per Sq.Ft:
- $189
- Tax Assessment:
- $4,492,800 in 2024
- Taxes:
- $4,516 / Monthly
Home Facts
Interior Features
- Bedrooms
- 82
- Full Bathrooms
- 45
- Half Bathrooms
- 0
- Living Area
- 39,612 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 39612
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 116,740 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 80 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Shingles, Wood, Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Dennis Kelleher
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73302196
- Disclosure
- Total monthly rent is $76,398. The maximum total monthly rent allowed by MLS is $32,767. There are 170 total rooms. The maximum total # of rooms allowed by MLS is 99.