5 E Penn Ave, Wernersville, Pennsylvania, United States

Report Listing

Home For Sale

$2,850,000

5 E Penn Ave
Wernersville, Pennsylvania, United States

Listed By: Realtyww Info

Listed On: 08/14/2024

Listing ID: GL11622375 View More Details

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!

For more details:

Listed by: Jimmy Thelusca