20 Oakland Beach Avenue Avenue, Warwick, Commercial

Description

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.