5004 FLORENCE AVE Philadelphia, PA 19143

Who's ready for a project? Every once in a while a house comes along that justifies real estate cliches like "diamond in the rough" and "needs TLC," and this one is straight out of an HGTV host's dream. Dwell on the old carpet, mirror tiles and wallpaper and you'll miss the awesome original details like hardwood floors, unpainted woodwork, built-in storage, decorative fireplaces and transom windows. From the original front door and wainscoted vestibule enter into a large living room with fireplace and original staircase with the perfect spot for awesome custom storage beneath. The formal dining room has 360 degrees of beautiful woodwork and could be opened to the kitchen, creating a great open floorplan. Or leave the rooms separate; the kitchen's footprint has the potential for a super-efficient layout. The rear yard is spacious enough for BBQs with friends or a large urban garden. Upstairs are large, sunny bedrooms at the front and back, one with an original armoire in great condition, and one of the two middle bedrooms has stairs to a hatch to the roof?yes, we're all thinking about the possibilities there. The upper floorplan is great as-is, but you also could create a three-bedroom with a massive hall bath and/or a master suite. The good news is that this house is eligible for FHA 203K financing, which means you can put down 3.5% and borrow the money for repairs as part of your monthly mortgage payment. Even better news: The cost to make the house move-in ready, per an FHA-certified consultant, is under $40,000. So you can afford to buy a nice house on a great block just a couple blocks off the Baltimore Ave commercial strip.