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5 E Penn Avenue, Wernersville, PA 19565
$2,850,000Just Listed
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5 E Penn Avenue, Wernersville, PA 19565View this property at 5 E Penn Avenue, Wernersville, PA 19565
5 E Penn AvenueWernersvillePA19565
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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!
Full Property Details
Full Property Detailsfor 5 E Penn Ave
General
- Price: $2,850,000
- Taxes: $7,335 (2001)
- Status: Active
- Type: Multi-Family
- MLS ID: PABK2046952
- Updated: 8/12/2024
- Added to Site: 5 day(s) ago
Interior
- Flooring: Laminated, Vinyl
Parking
- Total Spaces: 36
- Parking Features: Private
- Parking Type: Parking Lot
Location
- Area: Wernersville Boro (10290)
- Municipality: WERNERSVILLE BORO
- County: Berks
- Development Name: None Available
- Subdivision: None Available
- Cross Streets: Penn
- Driving Directions: Penn Ave west to Wernersville, property on right
- Location Details: Suburban
School Information
- School District: Conrad Weiser Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: 60+ Gallon Tank, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Detached
- Construction: Brick, Frame
- Foundation: Brick/Mortar
- Roof: Rubber, Shingle
- Stories/Levels: 4
- Square Feet: 8,000
- Sq. Ft. Source: Estimated
- Living Area: 8,000 Sq. Ft.
- Finished Above Grnd: 8,000 Sq. Ft.
- Year Built: 1890
- Year Built Source: Estimated
- Property Condition: Good
Lot Features
- Lot Size (Acres): 0.41
- Lot Size (Sq. Ft.): 18,000
- Lot Size Source: Estimated
- Zoning: RES
Financial Considerations
- Price Per Sq. Ft.: $356.25
- Tax w/Assessment: $253,500
- Tax Amount: $7,335
- Tax Year: 2001
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 576450
Quickly Find Out More
Listed by Pagoda Realty, Jimmy Thelusca
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Listing agent
— 5 E Penn Ave —
Jimmy Thelusca
Pagoda Realty
Get Pre-Approved Today
Be ready to buy your new home!
with our affiliated lender
NMLS#: 1598647
Get Pre-Approved Today
Be ready to buy your new home!
with our affiliated lender
Schools
Schoolsserving 5 E Penn Ave
School District:Conrad Weiser Area School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
44 Big Spring Rd, Robesonia, PA 19551 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided byGreatSchools. Ratings are on a scale of 1-10.Learn more about GreatSchools ratings.School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales Historyfor 5 E Penn AveGet Price Alerts and Save Property
Date
Details
Price
Change
Source
8/12/2024
Listed
$2,850,000
200%
MLS
5/04/2021
Sold
$950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax Historyfor 5 E Penn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,899
-64%
$253,500
—
2023
$10,960
-5%
$253,500
—
2022
$11,570
2%
$253,500
—
2021
$11,378
2%
$253,500
—
2020
$11,130
2%
$253,500
—
2019
$10,930
2%
$253,500
—
2018
$10,712
4%
$253,500
—
2017
$10,294
2%
$253,500
—
2016
$10,087
2%
$253,500
—
2015
$9,933
1%
$253,500
—
2014
$9,806
—
$253,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Costfor 5 E Penn Ave
Listed by Pagoda Realty, Jimmy Thelusca
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- Single Family
- Active
- Updated 4 days ago
3
Beds
2
Total Baths
1,340
Sq. Ft.
Listed by RE/MAX Of Reading, Richard L Henry Jr and RE/MAX Of Reading, Dale R Longenecker
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- Single Family
- Active
- Updated 4 hours ago
4
Beds
4
Total Baths
6,405
Sq. Ft.
Listed by BHHS Homesale Realty- Reading Berks, David Barry Spillerman
Save
- Commercial Lease
- Active
Listed by High Associates Ltd., Aaron Robert Skelly
Save
- Single Family
- Active
- Updated 5 days ago
4
Beds
3
Total Baths
2,750
Sq. Ft.
Listed by Kingsway Realty - Ephrata, Keith Snyder
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Price Reducednear 5 E Penn Ave
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- Single Family
- Active
- Updated 5 days ago
7
Beds
5
Total Baths
5,338
Sq. Ft.
Listed by Keller Williams PlatinumRealty
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- Single Family
- Active
- Updated 4 days ago
4
Beds
2
Total Baths
2,725
Sq. Ft.
Listed by RealHome Services and Solutions, Inc., Sherry M Price
Save
- Single Family
- Active
- Updated 2 days ago
5
Beds
2
Total Baths
3,604
Sq. Ft.
Listed by Real of Pennsylvania, Jeffrey Sibel and Real of Pennsylvania, Jonathan Campbell
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- Single Family
- Active
- Updated 5 days ago
4
Beds
2
Total Baths
2,420
Sq. Ft.
Listed by Ryen Realty LLC, Ashley Sabol
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5 E Penn Avenue, Wernersville, PA 19565 (MLS# PABK2046952) is aMulti-Family property with 4 units containing 0 bedrooms and 0 full bathrooms.5 E Penn Avenue is currently listed for $2,850,000 and was received on August 12, 2024.Want to learn more about 5 E Penn Avenue?Do you have questions about finding otherMulti-Familyreal estate for salein Wernersville?You can browse all Wernersville real estate orcontact a Coldwell Banker agent to request more information.
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