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3429 Derry St
For Sale $265,000 ($144.41 per Sq Ft)
$265,000 ($144.41 per Sq Ft)
- 3 Bedrooms
- 2 Bathrooms
- 1,835 Sq Ft
- 1,742 Sq Ft
Description
Turnkey investment delivering immediate cash flow with a 9.9% cap rate and built-in annual income growth! This fully leased mixed use property is an exceptional opportunity for investors seeking a stable, low-maintenance asset. The current tenant is secured with four years remaining on the lease, featuring 3% annual rent increases that provide predictable cash flow and long-term appreciation. Positioned on a highly visible corner lot, this extensively remodeled property requires no updates, allowing a new owner to step into a truly turnkey investment. The tenant is responsible for all utilities and landscaping, significantly reducing ownership responsibilities while maximizing net income. Offering approximately 1,835 square feet of finished space, the building features beautiful hardwood flooring throughout, natural gas forced-air heat, central air conditioning, a full basement with interior access for additional storage, and an attic for even more storage potential. The property also includes two off-street parking spaces, an updated roof installed in 2018, and well-maintained mechanical systems, making it an attractive, worry-free investment. Whether you’re looking to expand your commercial portfolio or complete a 1031 exchange, this is a rare opportunity to acquire a fully occupied, professionally updated, income-producing property with strong returns from day one and built-in rental growth for years to come.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $265,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,835 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 470370110000000 |
| MLS # | PADA2061256 |
| Property ID | 322963848 |
| Lot Sqft | 1,742 |
| Zoning | DOWNTOWN |
| Days on Market | 23 |
| Original List Price | Unknown |
| Date Updated | June 26, 2026 |
| Date Created | June 18, 2026 |
Listing Provided By
Bailey Michelle Quinn an agent of . Lic #RS359503
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Data last updated: July 11, 2026.
Robert Crawford
REAL ESTATE AGENT