*** 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!
Presented By: Pagoda Realty
Interior Features for 5 E Penn Avenue
Other Interior Features
Central Air Y/NNo
FlooringLaminated, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot Water60+ Gallon Tank, Natural Gas
Total Stories4
General for 5 E Penn Avenue
Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Business TypeApartment Building, Hotel/Motel, Parking Lot, Restaurant/Bar
CityWERNERSVILLE
Construction MaterialsBrick, Frame
Cool FuelNone
CoolingWindow Unit(s)
CountyBERKS
DirectionsPenn Ave west to Wernersville, property on right
Electric200+ Amp Service
Gross Income617000.00
HeatingBaseboard - Hot Water
Location TypeSuburban
Lot Size Square Feet18000.00
Lot Size UnitsSquare Feet
MLS AreaWernersville Boro (10290)
MunicipalityWERNERSVILLE BORO
Net Operating Income430000.00
New ConstructionNo
Number Of Units Total4
OwnerPaysAll Utilities
OwnershipFee Simple
PossessionImmediate
Possible UseApartment Building, Bar/Tavern/Lounge, Bed & Breakfast, Beer/Wine/Liquor, Commercial, Food & Beverage, Hotel/Motel, Mixed Use, Restaurant
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