3443 Derry St

Harrisburg, PA 17111

Welcome to 3443 Derry Stan 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 owners 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. Dont 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!