Listed By:
Pagoda Realty
Address
5 E Penn Avenue, Wernersville, PA
Price
$ 2,900,000
Property Attributes
  • MLS#PABK2017790
  • TypeCommercial
  • CountyBERKS
  • CityWernersville
  • AreaWernersville Boro
  • Zip19565
  • StyleApartment Building
  • Year Built1890
  • Taxes$ 11817
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8000
  • Lot Size0.41 Acres
Data Source:
Bright MLS
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!

Price History
6/23/2022 Listed $3,200,000
9/28/2022 4% - $3,100,000
7/7/2023 5% - $2,950,000
10/9/2023 2% - $2,900,000

General Features

Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Possession Immediate
Roof Shingle,Rubber
Zoning RESIDENTIAL
Security Features Main Entrance Lock
Construction Materials Frame,Brick
Year Built 1890
Electric 200+ Amp Service
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Gross Income 330782.40
OwnerPays All Utilities
Business Type Apartment Building
Accessibility None
County BERKS
Net Operating Income 254496.00
Insurance Expense 12000.00
New Construction No
Property Type Commercial Sale
MaintenanceExpense 12000.00
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions Penn Ave West to Wernersville,Property on right.
ModificationTimestamp 2024-04-29T09:41:32
City WERNERSVILLE
Buyer Agent Compensation 3
Total Units 41
MLS Area Wernersville Boro (10290)
Lot Size Square Feet 18000.00
Tax Assessed Value 253500.0
Waterfront Y/N No
Street Name PENN
Tax Annual Amount 11817.0
Electric Expense 10800.00
Property Condition Good
Price Per Sq Ft 362.5
Acceptable Financing Cash,Conventional,Other
Avg. Electric Per Month 1200.0
Vacation Rental Y/N No
Days on Market 677
Standard Status Active
Year Built Source Estimated
Tax Lot 6450
Cap Rate 8.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Flooring Hardwood,Laminated,Vinyl
Hot Water 60+ Gallon Tank,Natural Gas
Heating Y/N Yes
Street Suffix AVENUE
Central Air Y/N No

Exterior Features

Parking Features Private
Water Source Public
Total Parking Spaces 36
Type of Parking Parking Lot
Land Use Code 4221
Foundation Details Brick/Mortar
Water View Y/N No
Building Area Total 8000.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.41
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 56000.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 36

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19565

Price
AVG $2.7M
$2.9M
Taxes
AVG $12,288
$11,817
Visits
AVG 339
362
Data Provided by Inside Real Estate®
Year Built
AVG 1926
1890
Walkscore
AVG 61
59
Data Provided by Walkscore® not using MLS data