$ 120,000
2661 WEBB ST Philadelphia, PA 19125
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$ 120,000
Est. payment | /mo
560 Sqft Lot
$ 120,000
Est. payment | /mo
560 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2414210
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $400
Tax Year 2024
Lot Size 560 Sqft
Acres 0.01
Lot Dimensions 14x40
Property Description
For sale is a rsa-5 zoned buildable 14x40 lot approved for 3 floors with roof deck, attached on one side and with a locked gate in front. Excellent location in the city being 2 min from the Shops at Fishtown, 3 min from rivers casino, less than 10 min from center city, 10 min from bridge to NJ, etc. Very quiet and peaceful small one-way street with virtually no traffic, with parking usually available. Public utilities. New construction demand has exploded in the recent years, demanding 600k+ for rowhomes on similar sized lots in Fishtown. The city has reassessed every property with the initiative to try to get assessed values closer to market value. The 2024 Assessed value for this lot is 15K but 2025's assessed value has skyrocketed to 105k, further evidence that the city is placing an emphasis on the rapidly increasing property values and gentrification in this particular neighborhood. If you are a builder looking for a new project this could be a lucrative money maker for you. 19125 is a prime zip code to maximize section 8 rent which could make this a lucrative opportunity not only to build and flip but also to build a 2-bedroom house collecting 2350/mo, 3 bedroom collecting 2830/mo, or 4 bedroom collecting 3220/mo to hold and rent. A roof deck on top of a 3-story house would have the most spectacular views of the city. Owner also owns next door 2663 Webb St. as a section 8 rental getting $2k per month. Owner is PA/NJ licensed realtor.
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning RESIDENTIAL
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 312157800
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Alexander Schwartz • RE/MAX Preferred - Cherry Hill