2623 REED ST Pending Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision Grays Ferry
MLS Listing ID PAPH2399336
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,653
Tax Year 2024
Lot Size 970 Sqft
Acres 0.02
Lot Dimensions 15.00 x 64.00
Property Description
Incredible opportunity in an ideal location of Grays Ferry! The lot itself is close to Point Breeze, Graduate hospital and University City. This location is less than one block from a community garden and walkable to center city for nightlife. There are multiple new construction homes within blocks, so this property is ready for a savvy investor to develop a great home. With large yard, and plenty of options for designs and layout, the size of this lot is much larger than the others that sold for over $500k. With the adjacent lot also for sale by the same Seller, economies of sale can help decrease costs to build, and help increase ARV. Projected return is nearly 24%. Don't miss this awesome investment opportunity!
Also available as a package deal with 2625 Reed St.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Hook/Up Avail
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 362112100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional,Cash,FHA
Listing Terms Conventional,Cash,FHA
Financing Conventional,Cash,FHA
Special Listing Condition REO (Real Estate Owned)