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Mixed-Use/Multi-Unit Rehab in Wernersville

Price

$420,000.00

Unique opportunity for a savvy investor. Commercial 14,532 SqFt. multi unit building featuring:
- 2 store fronts 
- 2 apartments upstairs (2&3 bdr) 
- 8 storage units
- 2-unit warehouse

Property has fire damage and the front of the building needs to be restored. 
Current Expense:  $ 20,713.14 
Current Rent Income $20,640
Gross rents before the fire:  $ 46,440.00  (50% occupancy) 
Gross rents with full occupancy before fire $73,680 (below market rents) - Potential rents after renovations 20-30% higher 

Potential ARV is $1,100,000 with the lowest commercial sale price at $77/sq tf Located in the highly desirable area with new construction house projects around it.

 

SERIOUS INQUIRIES ONLY. No seller financing available.

Address

W Penn Ave, Wernersville, PA 19565

City

Wernersville

State

PA

Zip Code

19565

Bed/Bath

Mixed - See Description 

SQFT

14,532

ARV

$1,100,000

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