$194,000
$194,500
0.3%For more information regarding the value of a property, please contact us for a free consultation.
3443 DERRY ST Harrisburg, PA 17111
1,736 SqFt
Key Details
Sold Price $194,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,736 sqft
Price per Sqft $111
MLS Listing ID PADA2036628
Style Traditional
Year Built 1920
Annual Tax Amount $2,418
Tax Year 2022
Lot Size 1,907 Sqft
Property Description
Welcome to 3443 Derry St?an exceptional investment opportunity in the Central Dauphin School District! This versatile duplex is located at the quiet end of Derry St. and offers multiple potential uses. Ideal for an owner-occupant looking to offset their mortgage with rental income, or for investors seeking a property with strong cash flow potential, this multi-unit property has much to offer.
Both units are currently vacant, offering flexibility for the new owner?s plans. They were consistently occupied until May 2024, with Unit 1 and Unit 2 each renting for $1,100. Rents have not been increased since the original leases and could be adjusted to $1,200 or more per unit. Recent updates include a new roof installed in 2020, a new hot water heater (May 2024), a newly replaced deck railing, and modern stainless steel appliances in Unit 1. The interior has been freshly repainted and includes numerous cosmetic upgrades.
With a current cap rate of 9.78% and a projected cap rate of 11.66%, this property delivers outstanding value and potential returns. (Please see the provided numbers sheets for P&L calculations and more.)
This property offers proximity to Harrisburg's growing attractions while being located in the highly rated Central Dauphin School District. With easy access to Philadelphia, Baltimore, and Washington, D.C., Harrisburg provides a strong investment opportunity with its affordable real estate, stable rental demand, and ongoing development. Secure your place in this high-demand rental market at a competitive price.
Don?t miss out on this fantastic investment opportunity. Contact us today to schedule a showing and see how this property can be a valuable addition to your portfolio!
Location
State PA
County Dauphin
Area Paxtang Boro (14047)
Zoning R11 APARTMENTS
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Equipment Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
Exterior
Garage Spaces 1.0
Water Access N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Central Dauphin
School District Central Dauphin
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Christopher J Good • Keller Williams Elite