1102 E Washington Street

Description

1102 Washington St East. Prime commercial and multi-family property in downtown Lewisburg. Multiple options for ~6,300 sq ft. Current use: ~1000 sq ft retail space, 2150 sq ft 3 BR, 2 bath apt; 5 upstairs apartments, ~630 sq ft/ apartment. Building has 8 exterior entrances. Owner designed interior space for flexibility to expand/ retract rooms. Many upgrades for function and style including new roof 2021; finished concrete floors, some new windows and doors. Building retains a classy feel with beautiful hardwood floors, high ceilings, large windows. Gas and electric heat. Apt upgrades, shared laundry facility, tenants pay partial utilities. Private courtyard. Shared driveway, property joins City parking lot. Excellent visibility on Washington St and Post Office. Good rental history.1102 Washington St East. Built as a solid concrete block and brick structure, 1102 Washington St East has been well maintained and used over the years. The multi-use building has a strong retail and rental history. Architecturally, the design includes large windows, open space, multiple entrances. Additional Information: 1. 5 Upstairs apt- 5 of the 5 apartments are currently leased. Each apartment has separate gas and electric meters. Tenants pay gas and electric. Owner pays water and sewer. Focus of rental: Osteopathic students. A shared laundry facility for all apartments is located downstairs with a separate outside entrance. Washer and dryer will convey. Upstairs portion of the building has hallway with 2 entrances, front street entrance (separate from retail) and back courtyard entrance. Carbon monoxide and smoke alarms in each unit. 2. Apartment Breakdown: a. Apt 1- 1 BR, 1 full bath, new cabinets, painted 2022, gas stove, ceramic tile bathroom. $700 b. Apt 2- 1 BR, 1 bath, gas stove, new cabinets refinished floors, new windows, new shower/tub unit, luxury vinyl plank bathroom. $700 c. Apt 3-1 BR, 1 Bath, Gas stove, new cabinets, kitchen new luxury vinyl tile, new bathroom, refinished hardwood floors. $650 d. Apt 4- 1 BR, 1 bath, New bath, hardwood floors, new cabinets, luxury vinyl plank bathroom. $650 e. Apt 5- 1 BR, 1 bath, hardwood floors. $800 Each apt has refrigerator and stove. All appliances will convey. 2. Retail Space: Owner decided not to rent this space to encourage a retail buyer to purchase the property. ~950 Sq ft, includes half bath. Hardwood floors, high ceilings, updated lighting, barn-door divider, Gas heat with large blowers, custom wood blinds, beautiful large retail windows with natural light. Covered entrance to retail space. 3. Downstairs Apartment/ Work space: Currently, rented at $900. This area is excellent for transitional use. Currently 3 BR, 2 baths, kitchen with commercial style gas stove/ hood, dishwasher, refrigerator, concrete and ceramic tile floors (bathrooms.) The unit was upgraded approximately 10 years ago. In some areas, the following upgrades include: insulation, sheet rock walls, dropped ceiling, light fixtures, wiring, electric baseboard heat, plumbing, partial window replacement in rooms, French doors, laundry and kitchen doors. Concrete floors were finished from kitchen to rear of building. Total Rental Income: $4400 Total Building Information and Upgrades: 1. New rubber roof by Alpha Construction, 2021. Approx $30,000 2. New gas hot water heater for the entire building. 2020 3. 8 Entrances: New French Doors on Back Courtyard entrance; New Kitchen doors with side panes; New Laundry area doors with side panes 4. Building has duct work for central air, but was installed previously and owner has never used. 5. Crawl space under the front portion of building. Rest of the building built on a concrete slab 6. Downstairs has 3 separate gas bills: retail space; kitchen area, back apartment. 7. Water expense for building per month $30- $150 (with students) Sewer expense: $100 per month 8. Property professionally landscaped on the east side. 9. French drain and large drain in courtyard area. 10. Pest inspection in 2021. No insects.