PA > Philadelphia
Philadelphia, PA 19125,2661 WEBB ST
Philadelphia, PA 19125,2661 WEBB ST
Philadelphia, PA 19125,2661 WEBB ST
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$99,000
Est. payment /mo
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560 Sqft Lot
Price Dropped by $21K

2661 WEBB ST Philadelphia, PA 19125

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

11/11/2024 08:21 PM

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

Bright MLS (BMLS)
Listed by Alexander Schwartz • RE/MAX Preferred - Cherry Hill

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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2661 WEBB ST

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