5 East Penn Avenue
Description
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...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!
- Listed by Jimmy Thelusca • Pagoda RealtyP: (610)-985-7700 jthelusca@pagodarpm.com
Property Details for 5 East Penn Avenue
Property Details for 5 East Penn Avenue
| Status | Active |
|---|---|
| MLS # | PABK2046952 |
| Days on Market | 100 |
| Taxes | $7,335 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1890 |
| Lot Size | 0.41 AC / 18,000 SF |
| County | Berks County |
Building Information for 5 East Penn Avenue
Property Information for 5 East Penn Avenue
- School District Name: CONRAD WEISER AREA
- School District County ID: 300200397419
- SchoolDistrictSource: Listing Agent
- County: BERKS
- MLS Area: Wernersville Boro (10290)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2001
- Tax Assessed Value: $253,500
- Improvement Assessed Value: $197,500
- Land Assessed Value: $56,000
- Land Use Code: 4221
- Zoning: RES
- Tax Lot: 576450
- Automatically Update Tax Values Y/N: No
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Building Level Count: 4
- Building Units Total: 4
- Total Finished SQFT: 8,000.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 8,000.00
- Total SQFT Source: Estimated
- Construction Materials: Brick, Frame
- Roof: Rubber, Shingle
- Flooring Type: Laminated, Vinyl
- Foundation Details: Brick/Mortar
- Lot Size Source: Estimated
- Location Type: Suburban
- Parcel ID: 1585500
- Type Of Parking: Parking Lot
- Parking Lot - # of Spaces: 36
- Parking Features: Private
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade
- 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
- List Agent AOR: Reading-Berks Association of REALTORS
Property History for 5 East Penn Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 East Penn Avenue
Schools near 5 East Penn Avenue
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.
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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.