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5 Penn Ave Wernersville, PA 19565

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For Sale
$2,850,000

Historic 42-Unit Building, High NOI

Property size:
8,000 SF

Property Features for 5 Penn Ave

General Information

Property type
Residential income properties
Square Feet
8,000 SF
Lot Size
17,860 SF

Building Details

Year Built
1890

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Listing Contact
Jimmy Thelusca
Jimmy Thelusca

Listing Agency: Pagoda Realty Listing Agent: Jimmy Thelusca

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 42-unit multi-family property located at 5 E Penn Avenue, Wernersville, PA. The 8,000 square foot building sits on a 0.41-acre lot and is currently generating a projected annual net operating income (NOI) of $430,000. The property boasts a diverse tenant mix, including 38 residential rooming units (17 with private bathrooms) and four thriving commercial spaces. These commercial units comprise a bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events, along with a thrift shop. Adding to the investment potential is an included additional parcel across the street, encompassing a barn with its own parking lot. This secondary parcel, with existing zoning approval, offers significant expansion possibilities, potentially allowing for additional storage, parking, or even further residential units. The property's prime location in a high-traffic area ensures consistent occupancy and income. This historic building offers a blend of stable income and substantial upside potential for a discerning investor. Detailed financial information is available upon request. All offers will be considered.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Penn Werner Hotel Bar & Pub Penn Werner Hotel ... Bar & Pub BigDaveIsFat Theater & Performing Art Venue ATM Atm True's Cuppa Love Cafe & Coffee Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wernersville
County
Berks
State
Pennsylvania
Longitude
-76.07944
Latitude
40.32981

FAQs

What type of property is this?
Residential income property - Historic 42-Unit Building, High NOI
Where is this residential income property located?
The property is located at 5 Penn Ave Wernersville, PA.
What is the asking price?
The asking price for this property is $2,850,000.
More about this property
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