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5 E PENN AVENUE
WERNERSVILLE PA 19565 US

$2,850,000

Active Listing ID PABK2046952
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Lot: 0.41 Acres
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Other

$2,850,000

Active Listing ID PABK2046952
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5 E PENN AVENUE *** 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!

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Property Features

  • Facts
  • Lot Size: 0.41 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s) A/C
  • Heating Fuels: Baseboard, Hot Water

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2850000
  • unparsedaddress: 5 E PENN AVENUE
  • postalcity: WERNERSVILLE
  • stateorprovince: PA
  • country: US
  • postalcode: 19565
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.41
  • lotsizeunits: Acres
  • lotsizearea: 0.41
  • livingarea: 8000
  • livingareaunits: Square Feet
  • latitude: 40.329935
  • longitude: -76.079401
  • listagentfullname: Jimmy Thelusca
  • listagentemail: jthelusca@pagodarpm.com
  • listagentkey: 3yd-TRENDPA-3164025
  • listagentmlsid: 3164025
  • listagentpreferredphone: 6109857700
  • listagentofficephone: 6109857700
  • listofficekey: 3yd-TRENDPA-PAGODA
  • listofficemlsid: PAGODA
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1890
  • listingcontractdate: 2024-08-12
  • listagenturl: http://www.pagodarpm.com
  • countyorparish: BERKS
  • elementaryschooldistrict: CONRAD WEISER AREA
  • middleorjuniorschooldistrict: CONRAD WEISER AREA
  • highschooldistrict: CONRAD WEISER AREA
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick
  • heating: Baseboard, Hot Water
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 36
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -76.0794, 40.329933
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Pagoda Realty and Property Management, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jthelusca@pagodarpm.com", "ListBrokerageCity":"West Lawn", "ListBrokerageCountry":"US", "ListBrokerageEmail":"fdesk@pagodarpm.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Pagoda Realty and Property Management, Inc.", "ListBrokeragePhone":"(610) 985-7700", "ListBrokeragePostalCode":"19609", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2307 Penn Ave", "ListBrokerageWebsiteUrl":"http://www.pagodarpm.com", "ListOfficeAddress1":"2307 Penn AVENUE", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Reading", "ListOfficeCountry":"US", "ListOfficeEmail":"crstringer@msn.com", "ListOfficePostalCode":"19609", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"Detached - WERNERSVILLE, PA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5-E-Penn-Ave_Wernersville_PA_19565_M91258-97266?f=listhub&s=TRENDPA&m=PABK2046952&c=rexren", "MLSModificationTimestamp":"2024-08-12T11:13:33Z", "Neighborhoods":[{"Description":null, "Name":"WERNERSVILLE BORO"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7335, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:41:54 AM GMT
Source Updated Date: 12/25/2024 6:47:41 AM GMT

Courtesy of: Jimmy Thelusca, Pagoda Realty, jthelusca@pagodarpm.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.