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1403 E Derry Road, Hershey, PA 17033
$355,000
1403 E Derry Road, Hershey, PA 17033View this property at 1403 E Derry Road, Hershey, PA 17033
1403 E Derry RoadHersheyPA17033
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Property Description
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.
Full Property Details
Full Property Details for 1403 E Derry Rd
General
- Sold For: $355,000
- Taxes: $3,245 (2022)
- Status: Closed
- Type: Triplex
- MLS ID: PADA2030390
- Added to Site: 95 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: On Street, Detached Garage
- Garage Description: Garage - Rear Entry
Location
- Area: Derry Twp (14024)
- Municipality: DERRY TWP
- County: Dauphin
- Driving Directions: Rte 422 to East on Derry Rd
School Information
- School District: Derry Township
- High School: Hershey High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Detached
- Construction: Frame
- Foundation: Block
- Stories/Levels: 0
- Square Feet: 2,088
- Sq. Ft. Source: Estimated
- Living Area: 2,088 Sq. Ft.
- Finished Above Grnd: 2,088 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 3
- 1 Bedroom Units: 3
Unit 1
- Unit Description: Unit 1
- Bedrooms: 1
Unit 2
- Unit Description: Unit 2
- Bedrooms: 1
Unit 3
- Unit Description: Unit 3
- Bedrooms: 1
Unit 4
- Unit Description: Unit 4
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size Source: Assessor
- Zoning: PMU
Financial Considerations
- Price Per Sq. Ft.: $179.6
- Operating Expenses: $1,700
- Assessment Year: 2023
- School Tax: $2,186
- City/TownTax: $285
- City/TownTax Freq: Annually
- County Tax: $773
- County Tax Freq: Annually
- Tax w/Assessment: $112,500
- Tax Amount: $3,245
- Tax Year: 2022
- Terms: Standard Sale
- Owner Pays: Insurance, Water, Sewer, Trash Collection
- Landlord Pays: Insurance, Water, Sewer, Trash Collection
- Tax Total Finished Sq. Ft.: 778
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Inclusions: refrigerators are included
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Schools
Schools serving 1403 E Derry Rd
School District:Derry Township School District
Rating | Name | Grades | Distance |
---|---|---|---|
Hershey Early Childhood Center
450 Rear Homestead Rd, Hershey, PA 17033 | K-1 | 1.8 mi | |
450 Homestead Rd, Hershey, PA 17033 | 4-5 | 1.8 mi | |
450 Homestead Rd, Hershey, PA 17033 | 4-5 | 1.8 mi | |
500 Homestead Rd, Hershey, PA 17033 | 6-8 | 1.8 mi | |
550 Homestead Rd, Hershey, PA 17033 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1403 E Derry Rd
Date
Details
Price
Change
Source
2/12/2024
Sold
$355,000
-5.33%
MLS
1/25/2024
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1403 E Derry Road, Hershey, PA 17033 (MLS# PADA2030390) is a Triplex property that was sold at $355,000 on February 12, 2024. This property was sold by David Wissler Team from our Lancaster Office.Want to learn more about 1403 E Derry Road? Do you have questions about finding other Triplex real estate for sale in Hershey? You can browse all Hershey real estate or contact a Coldwell Banker agent to request more information.