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