PA > Philadelphia > Grays Ferry
Philadelphia, PA 19146,2623 REED ST
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John Coleman

John Coleman

+1(202) 427-9689
$124,900
Est. payment /mo
970 Sqft Lot
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UPDATED:

10/16/2024 06:18 PM

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)

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Bright MLS (BMLS)
Listed by Dylan J Collie • KW Empower
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(202) 427-9689

john@jasonmartingroup.com

1350 Florida Ave NE, DC, DC, 20002

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2623 REED ST