Somerset St
Somerset Street, Philadelphia 203K renovation by Matrix Company Solutions Corp. Check out the photos and the before and after video of this project. It was a takeover job from another unexprienced contractor. Full renovation including plumbing, electrical work, painting, flooring, kitchen, and bathroom.
What do you do when your rental duplex is outdated and underperforming? You level it up, just like this savvy property owner did. Using a low-budget 203k loan, she turned her aging property into two fully upgraded, highly desirable rental units. We helped her map it all out with a full 3D design, then executed a plan that included: ✔️ Two new bedrooms ✔️ Open-concept living space ✔️ Brand new kitchens & bathrooms ✔️ Mini-split HVAC systems ✔️ Full flooring, closet & layout upgrades ✔️ Fresh exterior finishes This wasn’t just a remodel. It was a smart investment move.
Project at a glance
- Location: Somerset St, North Philadelphia, Philadelphia, PA
- Project type: 203(k) duplex renovation (takeover from another contractor)
- Financing: FHA 203(k) renovation loan
- Scope of work: Two new bedrooms, open-concept living, new kitchens and bathrooms, mini-split HVAC, flooring, closets and exterior finishes, planned with a full 3D design
- Contractor: MatrixGC (Matrix Company Solutions Corp), licensed Philadelphia contractor #43984
How a 203(k) project like this works
With an FHA 203(k) loan, the purchase (or refinance) and the renovation are financed together in one mortgage. We prepare the itemized bid the lender and HUD consultant review, pull the City of Philadelphia permits, and are paid in draws as each phase passes inspection, so the buyer is never paying out of pocket for unfinished work.
Related services
203(k) renovation contractor · Kitchen remodeling · Bathroom remodeling · General contractor in North Philadelphia · General contractor in Fishtown & Kensington · Philadelphia general contractor