SQUARE FEET8,000
MLS#PABK2046952
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCONRAD WEISER AREA
Property Description
*** 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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Baseboard - Hot Water
Lot Size: 0.41 Acres
Roof Type: Rubber, Shingle
Taxes: $7,335
Year Built: 1890
Feature Descriptions
Additional Structures: Above Grade
Electric: 200+ Amp Service
Exterior: Brick, Frame
Flooring: Laminated, Vinyl
Location: Suburban
Lot Dimensions: 0.41 Acre(S)
Municipality: WERNERSVILLE BORO
Parking Notes: Private
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 36
Units: 4
Water: Public
Local Schools
School District: CONRAD WEISER AREA
Listed By / Shown By
Listed By
Agency Name: Pagoda Realty
Agency Phone: 6109857700
Shown By
Agent Name: The Chrissie Barrick Team
Agent Phone: (717) 451-3850
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 7,533.64 per month $6,120.31 Principal & Interest $611.25 Property Tax $802.08 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
5 E Penn Avenue | MLS# PABK2046952
This multi-family property located at 5 E Penn Avenue, Wernersville, PA 19565 is currently listed for sale with an asking price of $2,750,000. E Penn Avenue is located within the CONRAD WEISER AREA school district. Search Wernersville real estate on www.thechrissiebarrickteam.com today.