2625 Reed Street
Philadelphia, PA 19146
- – beds
- – baths
- – sqft
- 970 sqft lot
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.
Listing courtesy of BRIGHT / KW Empower
Last checked:
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Last updated Sep 20, 2024
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MLS# PAPH2399366 —
Financial & Terms
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Sale Type:REO (Real Estate Owned)
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Acceptable Financing:Cash, Conventional, FHA
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Possession:Immediate
Location
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Directions:South of Washington between 26th and 27th.
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Latitude:39.93571091
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Longitude:-75.18830872
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Vacant
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Assessor
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Lot Size Dimensions:15.00 x 64.00
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Lot Dimensions Source:Assessor
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Lot SqFt:970 Sqft
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Additional Parcels:Yes
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Additional Parcels:2623 Available For Sale.
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Zoning:RSA5
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Horse:No
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:SR
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:362112200
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Tax Year:2024
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Tax Lot:296
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Tax Annual Amount:$1,653
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Tax Assessed Value:$118,100
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Year Assessed:2024
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School Tax:925.0
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City/Town Tax:727.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Sewer
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/20/24
Sep 20, 2024
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Listed / Active | BRIGHT | $124,900 |