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5 E Penn Avenue Wernersville, PA $ 2,900,000
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$ 2,900,000 Get more info
5 E Penn Avenue
$ 2,900,000
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5 E Penn Avenue

Wernersville, PA, 19565
$ 2,900,000
Baths0.0 Sq 8,000

Monthly Estimate*

$ 19,274

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Studio

Commercial Property for sale in Wernersville, PA

for $2,900,000. This 8,000 square foot building was built in 1890 on a lot size of 0.41.

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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Commercial Active

Price

$ 2,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,817

Style

Apartment Building

Lot Size

0.41

Year Built

1890

Town/City

Wernersville

County/Region

Berks

MLS | Web ID

PABK2017790
Features
Interior
Heating Fuel Natural Gas
Flooring Hardwood Laminated Vinyl
Hot Water 60+ Gallon Tank Natural Gas
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
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General
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
Municipality WERNERSVILLE BORO
Gross Income 330782.40
Business Type Apartment Building
Accessibility None
County BERKS
Net Operating Income 254496.00
Insurance Expense 12000.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Penn Ave West to Wernersville Property on right.
City WERNERSVILLE
Buyer Agent Compensation 3
Total Units 41
MLS Area Wernersville Boro (10290)
Lot Size Square Feet 18000.00
Waterfront Y/N N
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 N
Days on Market 677
Standard Status Active
Year Built Source Estimated
Tax Lot 6450
Cap Rate 8.00
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Water Source Public
Type of Parking Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Pagoda Realty

Broker

jthelusca@pagodarpm.com

Email

Affordability Calculator

$20,259
Per Month
95%
5%
0%
Monthly Principal & Interest
$19,274
Monthly Property Taxes
$985
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/9/2023$2,900,000 -1.69% Price Down
7/7/2023$2,950,000 -4.84% Price Down
9/28/2022$3,100,000 -3.13% Price Down
6/23/2022$3,200,000 Listed Price

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5 E Penn Avenue, Wernersville, PA, 19565 is a Commercial Property for sale at $2,900,000 with 8,000 sqft and a lot size of 0.41. 5 E Penn Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 19565 which is in Wernersville, PA

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