4790 Derry StHarrisburg, PA 17111

Property Details for 4790 Derry St

Year built

1954

Lot size

0.37 AC

Property size (Sq ft)

6,040 SF

Property type

Investment properties

Property subtype

Live-work space

APN

63-014-007

APU

63014007

Description

This exceptional mixed-use investment property, located at 4790 Derry Street in Harrisburg, Pennsylvania, presents a compelling opportunity. The 8,740 square foot building, constructed in 1954 and situated on a 0.38-acre lot, boasts a diverse portfolio of eleven units. The property includes six residential units (five two-bedroom and one one-bedroom), one commercial space with a scheduled rent increase in November 2024, and four storage units complete with coin-operated laundry services. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $85,880, with a pro-forma NOI of $96,836 reflecting potential rental increases. The property features twenty parking spaces and is zoned for Limited Commercial District use. Its prime location offers excellent visibility and accessibility, with frontage on Derry Street and convenient proximity to Interstate 83, Route 322, and the Pennsylvania Turnpike via Interstate 283. The high daily traffic count of 15,247 vehicles per day on Derry Street further enhances the property's investment potential. Detailed financial information is available upon request. This is a turnkey investment ready to generate immediate income and offer significant future growth opportunities. The two-story building is situated in Dauphin County, PA, zip code 17111, and has an APN of 63-014-007.

• CAP approach

  CAP return

  Valuation

  6%

  $975,359

  6.5%

  $900,331

  7%

  $836,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,803

  Geo Method

  $379,976

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,411

  Hospitality

  $1,022,626

  Educational

  $850,813

  Medical

  $880,074

  Retail

  $1,323,487

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2588

Longitude

-76.8043

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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