1043 Merry ST E - Property Sold

Quarter acre lot in growing area. New homes all around. Not far from the East Lee County High School. A short distance from SR 82. Not far to shopping. 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. Buy now and build or hold for future investment.