5220 Larchwood Ave

This thoughtfully designed duplex located in West Philadelphia was completely renovated in 2019 with a new roof in 2022 and has over 5 years remaining on a tax abatement! Perfectly suited for both owner-occupants and investors, this turn-key property seamlessly transitions between live-in comfort and lucrative rental income. The covered front porch overlooking a mature front garden welcomes you in. Unit 1 is located on the first level and has beautiful light wood flooring throughout. The living room opens into the updated kitchen with white shaker cabinets, stainless steel appliances, Quartz countertops, and a pantry. A door in the kitchen leads to the private outdoor space. Two bedrooms share an updated full hall bathroom. A door in the primary bedroom also leads out to the outdoor space. This unit has access to the full basement with private laundry--all kept dry by a French drain and sump pump. The basement is ready to be finished to create additional living space for this unit. Ascend to the second level to Unit 2 where the light wood flooring continues. This unit has a beautiful exposed brick wall throughout and another open-concept floor plan with the living/dining area opening to the modern kitchen. The kitchen boasts a breakfast bar, Quartz countertops, stainless steel appliances, and in-unit laundry. The exposed brick wall continues to the front bedroom. Towards the back of the unit are the full hall bathroom and the primary bedroom. Both units were occupied through the end August 2024, with a total annual rent of $34,200. Located one block from the beautiful Malcolm X Park, home to an exciting line-up of free events throughout the year, and just a couple of blocks from the Baltimore Avenue corridor which has many cafes, restaurants, bars, and shops. With nearby public transportation (subway, bus, and trolley) you can access Center City or University City, where UPenn and Drexel are located. This home is located in the heart of it all. Book an appointment today!