Updated over 6 years ago on . Most recent reply
Buying an empty lot in Philly?
Hi everyone,
I'm thinking of buying an empty lot in Philly and hold it for 5-10 years and resell as an empty lot.
Taxes are around $50-$100 a year on an empty lot.
I'm going to make sure that the zone permits residential house in the lot.
Anyone has any experience with this? Pros and cons and what to look out for?
Thanks!