5 East Penn Avenue

Wernersville, PA 19565

$2,900,000
Price
Beds
8,000 Sq. Ft.
$363 / Sq. Ft.
8,000
Sq. Ft.
$363
per Sq. Ft.

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...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 you're showing today! All Offers are Welcomed!
  1. Listed by Jimmy Thelusca • Pagoda Realty
    P: 6109857700 jthelusca@pagodarpm.com

Property Details for 5 East Penn Avenue

Tax ID Number
90-4366-11-57-6450
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
06-23-2022
Municipality
WERNERSVILLE BORO

Location

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LISTING UPDATED: 10/12/2023 09:28 AM

Property Details for 5 East Penn Avenue

StatusActive
MLS #PABK2017776
Days on Market645
Taxes$11,817 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.41 AC / 18,000 SF
CountyBerks County

Location

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Building Information for 5 East Penn Avenue

Stories-Residences1Year Built1890Building Size-Lot Size0.41 AC / 18,000 SF

Payment Calculator

$16,811 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$985

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 East Penn Avenue

Location
Location
  • School District Name: CONRAD WEISER AREA
  • School District County ID: 300200397419
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Wernersville Boro (10290)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $253,500
  • Year Assessed: 2023
  • County Tax: $1,941
  • Improvement Assessed Value: $197,500
  • City Town Tax: $1,673
  • Land Assessed Value: $56,000
  • Clean Green Assessed: No
  • Land Use Code: 4221
  • Zoning: RESIDENTIAL
  • Tax Lot: 6450
  • School Tax: $8,203
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: All Utilities
Unit Information
Unit Information
  • Single Room Units Count: 41
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Vacancy Allowance Rate: 7.00%
Financial Information
Expenses
  • Operating Expense Includes: Snow Removal, Trash
  • Insurance Expense: $12,000
  • Trash Expense: $2,160
  • Maintenance Expense: $12,000
  • Electric Avg Month: $1,200
  • Electric Prev 12 Months: $14,400
Financial Information
  • Gross Income: $330,782
  • Gross Scheduled Income: $355,680
  • Net Operating Income: $254,496
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 8.00
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 1
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1585500
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 36
  • Parking Features: Private
Interior Features
Interior Features
  • Accessibility Features: None
  • Security Features: Main Entrance Lock
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: None
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: 60+ Gallon Tank, Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 5 East Penn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 East Penn Avenue

Taxable ValueLand$56,000Additions$197,500Total$253,500
Tax Record2023$10,960 ($913 / month)
Home Facts
Total Finished SqFt15,520 SqFtAbove Grade Finished SqFt15,520 SqFtStories4Lot Size10,019 SqFtStyleRestaurantYear Built1890CountyBERKSAPN4366-11-57-6450

Schools near 5 East Penn Avenue

This home is within Conrad Weiser Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Conrad Weiser East El School
PublicK to 4

Conrad Weiser Middle School
Public5 to 8

Conrad Weiser High School
Public9 to 12

Conrad Weiser West Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5 East Penn Avenue is a multi-family home for sale in Wernersville, PA 19565. This property was listed for sale on June 23, 2022 by Pagoda Realty, it's currently listed at $2,900,000. It has been on the market for a total of 645 days and was last sold on May 4, 2021. This listing's school district is Conrad Weiser Area School District. Nearby schools include Conrad Weiser East El School, Conrad Weiser Middle School and Conrad Weiser High School. 5 East Penn Avenue is a 0-bed, 0-bath, 8,000 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pagoda Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.