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.
Property Details
Property Features
Property Information:
Year Built: 1960
Living Area: 39,612 SqFt
Listing Office:
Office Name: Horvath & Tremblay
Office Phone: (781) 776-4000
Listing Agent: Dennis Kelleher
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 45
Total Bedroom Count: 82
Exterior Features
Exterior Information:
Waterfront: Beach
Parking Information:
Parking: Off Street
Lot Features
Lot Information:
Lot: Other
Lot Size: 2.68 Acres
Other
Directions Information:
Directions: Please use GPS
Price Information
Listing Price Info
Price Summary:
List Price: $7,500,000
Price Per SqFt: $189/SqFt
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Housing Market Comparison
See how this home compares to others in Warwick, RI.
This property is $7.1M more than the Median Sold Price and $81/SqFt less than other homes in Warwick, RI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73302196
Listing Office:
Office Name: Horvath & Tremblay
Office Phone: (781) 776-4000
Listing Agent: Dennis Kelleher
Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
5
/10
Lippitt Elementary School
30 Almy St
Distance between this listing and this school0.13 miles
Public District Grades KG-6
7
/10
Park Elementary School
40 Asylum Rd
Distance between this listing and this school0.96 miles
Public District Grades KG-6
6
/10
Robertson Elementary School
70 Nausauket Rd
Distance between this listing and this school1.17 miles
Public District Grades KG-6
Nearby Schools
5
/10
Warwick Veterans Memorial Middle School
2401 W Shore Rd
Distance between this listing and this school0.57 miles
Public District Grades 7-8
4
/10
Winman Middle School
575 Centerville Rd
Distance between this listing and this school3.38 miles
Public District Grades 7-8
9
/10
Archie R. Cole Middle School
100 Cedar Ave
Distance between this listing and this school4.39 miles
Public District Grades 6-8
Nearby Schools
4
/10
Pilgrim High School
111 Pilgrim Pkwy
Distance between this listing and this school2.78 miles
Public District Grades 9-12
1
/10
Nel/Cps Construction Career
4 Sharpe Dr
Distance between this listing and this school3.11 miles
Public Charter Grades 9-12
3
/10
Toll Gate High School
575 Centerville Rd
Distance between this listing and this school3.41 miles
The neighbors living near this home have an average income of $44,433. Most Warwick, RI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
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This home is located at 35 Lake St in Oakland Beach Ave, Warwick, RI and zip code 02886. This 39,612 square foot home, which was built in 1960, sits on a 2.68 acre lot. Features: 82 bedrooms, 45 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $7,500,000.
Warwick, RI housing market in October 2024 saw over 48 listings sold above listed price, more than 10 sold at listed price and over 32 sold below. Between September 2024 and October 2024, Warwick, RI real estate market has seen increase in the number of listings by 5.8%. In October 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $398,380.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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