For Sale
$2,850,000

5 Penn AveWernersville, PA 19565

Historic 42-Unit Building, High NOI

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity presents a 42-unit multi-family property located at 5 E Penn Avenue, Wernersville, PA. The 8,000 square foot building sits on a 0.41-acre lot and is currently generating a projected annual net operating income (NOI) of $430,000. The property boasts a diverse tenant mix, including 38 residential rooming units (17 with private bathrooms) and four thriving commercial spaces. These commercial units comprise a bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events, along with a thrift shop. Adding to the investment potential is an included additional parcel across the street, encompassing a barn with its own parking lot. This secondary parcel, with existing zoning approval, offers significant expansion possibilities, potentially allowing for additional storage, parking, or even further residential units. The property's prime location in a high-traffic area ensures consistent occupancy and income. This historic building offers a blend of stable income and substantial upside potential for a discerning investor. Detailed financial information is available upon request. All offers will be considered.

Property Details for 5 Penn Ave

Property type
Multifamily properties
Square Feet
8,000 SF
Year Built
1890
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Wernersville
County
Berks
State
Pennsylvania
Latitude
40.32981
Longitude
-76.07944
5 Penn Ave, Wernersville, Pennsylvania

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5 Penn Ave
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