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Mixed-Use

4790 Derry Street

4790 Derry St, Harrisburg, PA 17111

Listing Price: $750,000

Investment Overview

Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 4790 Derry St, Harrisburg,
PA. This mixed use property is made up of two buildings; a two-story building at the front and two-story building at
the rear. The main building is a commercial space on the first floor, occupied by Get It Now Print, and one-bedroom
apartments on the second floor.

The second building contains 4 garages on the first floor and one-bedroom apartments on the second floor. The building
is fully stabilized. The commercial tenant has been occupying the property for 12 years and has scheduled rent
increases and two 3-year extension options are in place.

The property is .38 acres and fully occupied with long term tenants. The building was completely renovated in 2013
with roughly $65,000 in rehab costs. 6 Apartments were fully renovated with updates including: New Kitchens, All
New Appliances, New, Bathrooms, New Flooring, New Paint, and some New Mechanicals.
Tenants are responsible for all snow shoveling & landscaping - Tenants also do general repairs and paints the common
areas once a year.

The garages are currently being used by the tenants but could be utilized to generate additional income. One of the
garages is currently available to lease. The property has on-site coin laundry which also generates additional income.
The property is located on Derry Street which sees 16,414 vehicles per day. It is .35 miles away from Interstate I-83
which has 103,200 cars driving daily with easy access to downtown Harrisburg.

Investment Highlights

  • Fully Stabilized Apartment Building w/ Commercial Storefront
  • Long-Term Tenants
  • Below Market Rents
  • Fully Renovated in 2013
  • Value-Add through Increasing Rents & Leasing Garages

Exclusively Listed By

Investment Highlights

  • Fully Stabilized Apartment Building w/ Commercial Storefront
  • Long-Term Tenants
  • Below Market Rents
  • Fully Renovated in 2013
  • Value-Add through Increasing Rents & Leasing Garages

Investment Overview

Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 4790 Derry St, Harrisburg,
PA. This mixed use property is made up of two buildings; a two-story building at the front and two-story building at
the rear. The main building is a commercial space on the first floor, occupied by Get It Now Print, and one-bedroom
apartments on the second floor.

The second building contains 4 garages on the first floor and one-bedroom apartments on the second floor. The building
is fully stabilized. The commercial tenant has been occupying the property for 12 years and has scheduled rent
increases and two 3-year extension options are in place.

The property is .38 acres and fully occupied with long term tenants. The building was completely renovated in 2013
with roughly $65,000 in rehab costs. 6 Apartments were fully renovated with updates including: New Kitchens, All
New Appliances, New, Bathrooms, New Flooring, New Paint, and some New Mechanicals.
Tenants are responsible for all snow shoveling & landscaping - Tenants also do general repairs and paints the common
areas once a year.

The garages are currently being used by the tenants but could be utilized to generate additional income. One of the
garages is currently available to lease. The property has on-site coin laundry which also generates additional income.
The property is located on Derry Street which sees 16,414 vehicles per day. It is .35 miles away from Interstate I-83
which has 103,200 cars driving daily with easy access to downtown Harrisburg.

Exclusively Listed By

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