$ 245,000
-
$245,000
Price -
2,190
SqFt -
0.04
Acre
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About the Listing 1317 - 3325262
3429 Derry Street is a Tenant Occupied investment opportunity with over Three (3) Years remaining on the initial Five (5) Year Lease. The Lease is structured as a modified gross where Tenant is responsible for all direct utilities, interior maintenance and exterior upkeep. Owner is reimbursed for water and sewer by Tenant. The Lease currently generates $30,900.00 in annual rent, escalating by 3.00% per year. Operating expenses reported of $6,273.72, creating an in-place NOI of $25,000.00 and a resulting CAP rate of 10.32%. This return rate and Lease structure creates a tremendous investment opportunity regardless of your funding source. Further, notable capital expenditures of roof, electric water heater, natural gas forced air and electric panels were installed in 2018. The Downtown District Zoning of Paxtang Borough generously provides for a multitude of commercial and residential type uses for future value-add opportunities. See marketing brochure for the in-place operating finances of the property.
Listing Highlights for 3429 Derry St
Status
Active
Days on Site
31
Property Type
Commercial Sale
MLS ®
PADA2064746
Year Built
1920
Total Square Footage
2,190
Lot/Acreage
0.04
County
Dauphin
Neighborhood
Paxtang Borough
Area
Paxtang Boro (14047)
School District
Central Dauphin
High School
Central Dauphin East
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Solid Hardwood
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: Apartments, office, services, institutional, etc.
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Off Site,On Street,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,433
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
3429 Derry St Harrisburg, PA 17111
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