Outstanding investment and redevelopment opportunity in one of Hershey's most desirable locations! Situated in the highly sought-after Derry Township School District, this property is zoned Palmdale Mixed Use (PMU), offering a unique blend of residential and commercial possibilities for investors, business owners, or future owner-occupants. The existing bungalow offers approximately 1,400 square feet of living space with a full basement, walkout garage, and finished attic that provides flexible space for a third bedroom, home office, or bonus room. While the property would benefit from updating, it is currently tenant-occupied, providing immediate rental income. The tenant would like to remain but can vacate with 60 days' notice if desired. The true value lies in the property's highly desirable PMU zoning and exceptional location just minutes from downtown Hershey, Penn State Health Milton S. Hershey Medical Center, Hersheypark, shopping, dining, and major commuter routes. Whether you're looking to renovate, continue as an investment property, or explore the many possibilities permitted under the Palmdale Mixed Use zoning district, this property presents an outstanding opportunity in a location where demand continues to grow. Buyers are encouraged to verify permitted uses with Derry Township.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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