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5 E Penn Avenue

WERNERSVILLE, PA 19565
  • $2,900,000
  • STATUS: Active
  • ON SITE: 524 Days
  • ID#: PABK2017790
$2,900,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Wernersville Boro (10290)
Type:
Commercial
Built:
1890
County:
Berks
Area:
Wernersville Boro (10290)

School Ratings & Info

School District:
Conrad Weiser Area
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Description

42 Unit Historic Rooming House in Wernersville Borough, known as The Penn Werner, including 2 commercial spaces (A Cafe and a Vacant Restaurant / Bar with a full kitchen), 36 parking spaces, 2 parking lots and a Dry Cellar in the lower level. The sale also includes the property and lot across the street at 25 Stitzer Ave. Extremely desirable location. Great cash flowing, turn key investment property as the exterior, common areas and most of the units have been remodeled. Also a package of 5 Berks County Laundromats available for sale individually or in a package deal. Please reach out for additional details. Schedule your showing today! All Offers Are Welcomed!

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©2023 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 Paula Cashion | Keller Williams Central Delaware. 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: 2023-11-29T23:51:40.2.
www.paulacashion.com/homes/130153962
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5 E Penn Avenue WERNERSVILLE, PA 19565

  • Price: $2,900,000
  • Status: Active
  • On Site: 524 Days
  • ID#: PABK2017790
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1890
Built
Neighborhood:
Wernersville Boro (10290)
County:
Berks
Area:
Wernersville Boro (10290)
School District:
Conrad Weiser Area
Property Description
42 Unit Historic Rooming House in Wernersville Borough, known as The Penn Werner, including 2 commercial spaces (A Cafe and a Vacant Restaurant / Bar with a full kitchen), 36 parking spaces, 2 parking lots and a Dry Cellar in the lower level. The sale also includes the property and lot across the street at 25 Stitzer Ave. Extremely desirable location. Great cash flowing, turn key investment property as the exterior, common areas and most of the units have been remodeled. Also a package of 5 Berks County Laundromats available for sale individually or in a package deal. Please reach out for additional details. Schedule your showing today! All Offers Are Welcomed!
Exterior Features

Construction Materials FrameBrick Garage YN No Parking Features Private Parking Types Parking Lot Property Condition Good Riparian Rights YN No Roof ShingleRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8000.00 Cooling Window Unit(S) Flooring HardwoodLaminatedVinyl Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 8000.00 Security Features Main Entrance Lock

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Annual Gross Expense 76286.00 Assessment Year 2023 Building Permits On Hand Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 200+ Amp Service Electric Average Monthly 1200 Electric Expense 10800.00 Electric Last12 Months 14400.00 Foundation Details Brick/Mortar Gross Income 330782.40 Heating Fuel Natural Gas Hot Water 60+ Gallon TankNatural Gas Insurance Expense 12000.00 Maintenance Expense 12000.00 Municipality Wernersville Boro Navigable Water YN N Net Operating Income 254496.00 New Construction YN No Number Of Units Total 41 Operating Expense Includes ElectricHeating/CoolingInsuranceLandscapingManagement FeesPest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 801675129116 Owner Pays All Utilities Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 11817.00 Tax Assessment Amount 253500.00 Tax Lot 6450 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Pagoda Realty: .


©2023 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 Paula Cashion | Keller Williams Central Delaware. 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: 2023-11-29T23:51:40.2.
 
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