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.
Sold
$105,000
2623 Reed St, Philadelphia, PA 19146
--beds
--baths
970Square Feet
Unimproved Land
Built in ----
970 sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: November 27, 2024 at 02:31am
Listed by:
Dylan Collie 215-622-5110,
KW Empower
Bought with:
Thomas Wenger
Keller Williams Realty - Moorestown
Source: Bright MLS,MLS#: PAPH2399336

Facts & features
Property
Lot
- Size: 970 sqft
- Dimensions: 15.00 x 64.00
Details
- Additional parcels included: 2625 Reed is identical, and adjacent. It is available for same price.
- Parcel number: 362112100
- Zoning: RSA5
- Special conditions: Real Estate Owned
Utilities & green energy
- Sewer: Public Hook/Up Avail
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Grays Ferry
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,Cash,FHA
- Ownership: Fee Simple