550 E Washington Ln,PHILADELPHIA, PA 19144
PHILADELPHIA, PA 19144
Description
Welcome to the safest, most turnkey multi-family opportunity on the market in Germantown! This fully licensed, pristine duplex was stripped to the studs and underwent a 100% permitted, fully inspected, and certified building code renovation. Whether you are an investor looking for a low-maintenance, high-yield asset or a buyer looking to "house hack" and live for next to nothing while a tenant pays your mortgage, this property delivers ultimate peace of mind.The building is structurally and mechanically optimized, featuring independent sub-panels and separate metering for electric, independent high-efficiency HVAC furnaces and central A/C for each unit, 100% new plumbing, newer roofing, and modern insulated windows. Built to strict commercial multi-family standards, the property boasts hardwired smoke/fire alarms throughout, required commercial-grade fire-rated doors, and code-compliant unit fire separations, alongside full interior Lead-Safe Certifications.Unit 1 (First Floor): A spacious 2-bedroom, 1-bathroom apartment featuring durable bamboo flooring throughout, a modern kitchen with custom counters and tile backsplash, and a beautifully tiled bathroom with porcelain walls extending to the ceiling. Historic rent: $1,360/month.Unit 2 (Second & Third Floors): A sprawling 3-bedroom, 2-full-bathroom bi-level unit boasting restored oak flooring on the main level and sleek bamboo upstairs, matching custom tile finishes in the kitchen, and porcelain-tiled baths. Historic rent: $1,740/month.Both apartments feature fully equipped kitchens and dedicated in-unit laundry utility spaces.The Owner's Bonus: The owner retains exclusive possession of a massive 750 SF basement workshop and a full-sized garage workshop, both heavily upgraded with dedicated 20-amp circuits throughout-ideal for hobbyists, contractors, artisan creators, or passive storage monetization (can easily be modified back for standard parking).Outside, the exterior features an attached garage, a private driveway, and dedicated off-street tenant parking out front. The low-maintenance concrete rear yard eliminates landscaping upkeep. Unbeatable location steps from local schools, regional rail trains, buses, and daily shopping conveniences. Clean, certified, and completely move-in ready-schedule your showing today!
Details
| MLS # | PAPH2639456 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1920 |
| Days On Site | 96 |
| Listing Provided By | OCF Realty LLC - Philadelphia | Darcy K Scollin |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RSA3 |
| Acreage | 0.07 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Interior Features | 2nd Kitchen, Additional Stairway, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Built-Ins, Combination Dining/Living, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar, Stone |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Tax Annual Amount | 3307 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19144 |
| Area | 19119 (19119) |
| Community Name | NONE AVAILABLE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $397,700 low | high Med: $359,900 sqft: 2,000 low | high Med: 2,022 $ / sqft: $199 low | high Med: $179 On site: 96 low | high Med: 31.5 | |
Market Activity 19144
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19144 |
| Area | 19119 (19119) |
| Community Name | NONE AVAILABLE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $397,700 low | high Med: $359,900 sqft: 2,000 low | high Med: 2,022 $ / sqft: $199 low | high Med: $179 On site: 96 low | high Med: 31.5 | |
