Mixed-Use/Multi-Unit Rehab in Wernersville
**OFF MARKET DEAL**
WE COOPERATE WITH AGENTS/COVER COMMISSIONS!
**CASH BUYERS/HARD MONEY BUYERS ONLY-NO BANK FINANCING-NO WHOLESALERS**
*Proof Of Funds required for showing.
*Close in 3 weeks or less.
*This is a reassignment of contract deal
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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