1403 E Derry Road
HERSHEY, PA 17033
- – beds
- – baths
- 2,088 sqft
- 10,454 sqft lot
- $170 per sqft
- 1920 build
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OFFER RECEIVED! Offer deadline is Thurs. 2/1/24 at midnight. Introducing a prime investment opportunity in the heart of desirable Derry Township School District! This 3 unit property features a front house with a 1st flr apt w/1 BR, 1 BA (could be 2 BR if you add a wall), and a 2nd flr apt with 1 BR, 1 BA. These 2 units are in good condition w/vinyl plank floors and some carpet. The basement is unfinished. The 3rd unit is a 2-story bungalow in the rear with 1 BR, 1 BA. Currently occupied by a long-term tenant, this unit presents an excellent opportunity for renovation and increased rental income once vacant. There is also a 2-car garage that is rented separately for $150/month. New roof on Bungalow and garages in 2020. All units are currently leased on a month-to-month basis, providing flexibility for new ownership. While the second-floor apartment is scheduled for vacancy at the end of March, the remaining units are fully occupied, generating consistent rental income. The owner currently covers water, sewer, and trash expenses; however, separate water meters are in place, allowing for the possibility of billing tenants individually for these utilities, thereby increasing profitability. With rents currently below market value, there exists a significant opportunity for increased revenue by adjusting rental rates to align with the local market. 24 hour notice required for all showings.
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Last updated Feb 13, 2024
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MLS# PADA2030390 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/12/24
Feb 12, 2024
|
Sold | BRIGHT | $355,000 | -5.3% |
|
2/2/24
Feb 2, 2024
|
Pending | BRIGHT | $375,000 | |
|
1/25/24
Jan 25, 2024
|
Listed / Active | BRIGHT | $375,000 |