2921-2927 Gerritt Street

    PHILADELPHIA, PA 19146
    • $379,900
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: PAPH846710
    UPDATED: 23 min ago
    $379,900
    • 3
      BEDS
    • 0.06
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 840
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Development opportunity in HOT Grays Ferry, located in a Federal Qualified Opportunity Zone (QOZ) with the possibility for no federal tax on capital gains after 10 years. Rarely offered 4 contiguous properties 2921-27 Gerritt Street, including 3 vacant lots and an older renovated 3BR 1 BA house that is a turnkey rental that was recently rented for $1185 per month. All 4 properties have zoning permits to build 3 story new construction homes, 4BR 3BA with roofdecks, totaling approximately 2,100 square feet. Keep the house for rental income and build on the vacant lots, or demolish and build 4 homes. Plans and approvals available for review, lots are 14x45 with building footprint of 14x38 and no 3rd floor setback.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-01-19T16:49:55.893.
    www.betterhomesofpa.com/homes/100425416

    2921-2927 Gerritt Street PHILADELPHIA, PA 19146

    • Price: $379,900
    • Status: Active
    • Updated: 23 min ago
    • ID#: PAPH846710
    3
    Beds
    1
    Baths
    0
    ½ Baths
    0.06
    Acres
    840
    SQFT
    $452
    $/SQFT
    1920
    Built
    Neighborhood:
    Grays Ferry
    County:
    Philadelphia
    Area:
    19146 (19146)
    School District:
    The School District Of Philadelphia
    Property Description
    Development opportunity in HOT Grays Ferry, located in a Federal Qualified Opportunity Zone (QOZ) with the possibility for no federal tax on capital gains after 10 years. Rarely offered 4 contiguous properties 2921-27 Gerritt Street, including 3 vacant lots and an older renovated 3BR 1 BA house that is a turnkey rental that was recently rented for $1185 per month. All 4 properties have zoning permits to build 3 story new construction homes, 4BR 3BA with roofdecks, totaling approximately 2,100 square feet. Keep the house for rental income and build on the vacant lots, or demolish and build 4 homes. Plans and approvals available for review, lots are 14x45 with building footprint of 14x38 and no 3rd floor setback.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Lot Features Additional Lot(S) Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 840 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating Forced Air Heating YN Yes Levels 2 Main Level Bedrooms 3

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Condo YN No Cooling Fuel None Heating Fuel Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 302141304365 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 1176.0 Tax Assessment Amount 84000.0 Tax Lot 62 Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Keller Williams Philly.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-01-19T16:49:55.893.
     
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