2661 Webb St, Philadelphia, PA 19125 $120,000
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.
Lot Dimens: 14x40
Front Footage:
School Dist: The School District Of Philadelphia
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
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Public Elementary (126 schools)
Public Middle (25 schools)
Public High (55 schools)
Private (72 schools)
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This report is a detailed community overview for Philadelphia (19125), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $54,438
Community Summary
- Population Density (ppl / mile): 16,487
- Household Size (ppl): 2.42
- Households w/ Children: 39%
Housing Inventory
- Owned: 6,709 (57.5%)
- Rented: 3,847 (33.0%)
- Vacant: 1,109 (9.5%)
- Total: 11,665
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.3%
- Some High School: 7.8%
- High School Graduate: 24.5%
- Some College: 13.0%
- Associate Degree: 4.2%
- Bachelor's Degree: 28.8%
- Graduate Degree: 17.5%
Income by dollar range
Median Income: $72,990
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $704
- One Bedroom: $1,153
- Two Bedroom: $1,247
- Three Bedroom: $1,612
- Four Bedroom: $2,140
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Contact Information
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or call me now at 302-234-6029
Listing Courtesy of: RE/MAX Preferred - Cherry Hill , (856) 616-2626, preferred@njpreferredhomes.com
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Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.