954 Capetown Avenue $19,900

Beautiful lot across the street from a lake. Growing area near Eisenhower and Nimitz Blvd. A short distance from SR 82. Buy now and build or hold for future investment. Seller has additional lots available for a potential package deal. This property is located in the East Lehigh Opportunity Zone. The Opportunity Zone Program aims to foster economic development and job creation in economically distressed communities. It was created by the Federal Tax Cuts and Jobs Act of 2017 to encourage businesses, developers and financial institutions to invest long-term capital in low-income census tract areas. Tax benefits can accrue once unrealized capital gains from other investments are rolled into Qualified Opportunity Zone Funds. Benefits include deferred taxes, reduced taxes and the rolled over capital gain appreciates tax-free.

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