5 E Penn Avenue
Wernersville, PA 19565
- – beds
- – baths
- 8,000 sqft
- ~1/2 acre lot
- $356 per sqft
- 1890 build
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unit historic building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of which having 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's diverse 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 even expanded living quarters, offering further potential to increase value. This profitable property offers stable income with significant upside for the savvy investor. Additional financials are available upon request, and all offers are welcome. Don't miss your chance to own a piece of history with endless possibilities. Schedule your showing today!
Last checked:
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Checking…
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Last updated Oct 17, 2024
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MLS# PABK2046952 —
The Building
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Year Built:1890
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick, Frame
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Structure Type:Detached
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Architectural Style:Other
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Building Levels:4
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Building Units Total:4
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Roof:Rubber, Shingle
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Total SqFt Source:Estimated
Interior
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Flooring Type:Laminated, Vinyl
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:8000
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Living Area SqFt:8,000 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Other
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Possession:Immediate
Location
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Directions:Penn Ave west to Wernersville, property on right
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Cross Street:PENN
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Latitude:40.32993000
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Longitude:-76.07940000
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Location Type:Suburban
The Property
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Property Subtype:Other
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Property Type:Multi-Family
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.41
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Lot Size Source:Estimated
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Lot SqFt:18,000 Sqft
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Zoning:RES
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:4221
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 985-7700
- Office phone:
- (610) 985-7700
Taxes
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Tax ID Number:90-4366-11-57-6450
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Tax Year:2001
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Tax Lot:576450
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Tax Annual Amount:$7,335
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Tax Assessed Value:$253,500
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:60+ Gallon Tank, Natural Gas
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Water Source:Public
Schools
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School District Name:Conrad Weiser Area
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Pool:No Pool
Parking
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Total Garage and Parking Spaces:36
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Private
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Parking Lot - # of Spaces:36
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/12/24
Aug 12, 2024
|
Listed / Active | BRIGHT | $2,850,000 |
