Description
5 E Penn Ave,
Wernersville,
PA
19565
*** 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!
Amenities
- Vinyl Flooring
- Other
- Shingle
Listing By: Pagoda Realty via Data Source: Bright MLS
2757494-PABK2046952
MLS ID
Price History
| date | price | variance | type |
|---|
| 8/13/2024 | $2,850,000 | - | Listed |
| 7/24/2024 | $2,900,000 | - | off market |
| 10/10/2023 | $2,900,000 | 1.69 % | decreased |
| 7/9/2023 | $2,950,000 | 4.84 % | decreased |
| 6/23/2022 | $3,100,000 | - | Listed |
listing agent: Jimmy Thelusca
