2625 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
MLS Listing ID PAPH2399366
Annual Tax Amount $1,653
Tax Year 2024
Lot Size 970 Sqft
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 2623 Reed St.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition REO (Real Estate Owned)