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5 E Penn Avenue

WERNERSVILLE, PA 19565
  • $2,850,000
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: PABK2046956
UPDATED: 188 min ago
$2,850,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

School District:

Description

*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unithistoric building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of whichhaving their own private bathrooms and 4 thriving commercial spaces.The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen,and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building'sdiverse tenant mix.Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot.With zoning approval, this versatile space could be transformed into additional storage, parking, or evenexpanded living quarters, offering further potential to increase value.This profitable property offers stable income with significant upside for the savvy investor. Additionalfinancials are available upon request, and all offers are welcome. Don't miss your chance to own a pieceof history with endless possibilities. Schedule your showing today!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
www.execuhome.com/homes/153581921
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5 E Penn Avenue WERNERSVILLE, PA 19565

  • Price: $2,850,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 188 min ago
  • ID#: PABK2046956
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1890
Built
Neighborhood:
None Available
County:
Berks
Area:
Wernersville Boro (10290)
School District:
Conrad Weiser Area
Property Description
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unithistoric building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of whichhaving their own private bathrooms and 4 thriving commercial spaces.The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen,and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building'sdiverse tenant mix.Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot.With zoning approval, this versatile space could be transformed into additional storage, parking, or evenexpanded living quarters, offering further potential to increase value.This profitable property offers stable income with significant upside for the savvy investor. Additionalfinancials are available upon request, and all offers are welcome. Don't miss your chance to own a pieceof history with endless possibilities. Schedule your showing today!
Exterior Features

Construction Materials BrickFrame Garage YN No Location Type Suburban Parking Features Private Parking Types Parking Lot Property Condition Good Roof RubberShingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8000.00 Cooling Window Unit(s) Flooring LaminatedVinyl Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 0.40

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Central Air YN No Cooling Fuel None Cross Street PENN Electric 200+ Amp Service Foundation Details Brick/Mortar Gross Income 617000.00 Heating Fuel Natural Gas Hot Water 60+ Gallon TankNatural Gas Municipality WERNERSVILLE BORO Navigable Water YN N Net Operating Income 430000.00 New Construction YN No Number Of Units Total 4 Operating Expense Includes ElectricHeating/CoolingInsuranceLandscapingManagement FeesPest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 803284990944 Owner Pays All Utilities Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7335.00 Tax Lot 576450 Vacation Rental YN No Water Source Public Zoning RES

Listing courtesy of Pagoda Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
 
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