Welcome to this exceptional triplex located in the vibrant neighborhood of Northern Liberties in Philadelphia. This well-maintained building offers three spacious units, each with its own character and modern updates, along with significant building improvements throughout. Offering over 3000 square feet of living space, this is a fantastic multi-unit investment opportunity.
This property has an incredible rental history with a proven track record over the years with next to no vacancy, making 978-80 North Lawrence Street a phenomenal opportunity. With unit 3 just becoming available for lease, this may be a perfect for the buyer to live in one unit and lease the other 2 units.
Unit 1 is a large bi-level apartment with two bedrooms, one full bath and loads of natural light. It features gas heat, gas water heater, and a stand-up shower. The layout is exceptionally spacious, offering great potential. This unit also has a washer and dryer.
Unit 2 is a two-bedroom, one-and-a-half-bath apartment that includes a private oversized outdoor deck space, accessible only to unit 2. Additional highlights include central air, electric water heater, brand-new full-size dishwasher, in-unit washer and dryer, and a tub/shower combination.
Unit 3 is another spacious bi-level apartment offering two bedrooms and one-and-a-half baths. This unit features beautiful natural wood flooring, central air, in-unit washer and dryer, and a tub/shower combination.
The building and its internal systems have all been extensively updated. The roof was replaced in 2015 and recoated in 2021. All electrical and plumbing systems have been replaced, and new water heaters were installed throughout the property between 2017 and 2018. Unit 2’s private deck was also completed during that time. The entire building is protected by a fire suppression / sprinkler system, which has been inspected and certified annually since installation. All renovations were completed to code and approved by the city of Philadelphia. A full basement extends the entire footprint of the property, adding to its versatility and storage potential.
This is a rare opportunity to acquire a property in Philly’s most desirable neighborhood that combines updated infrastructure with desirable tenant amenities, making it an excellent option for both investors and potential owner-occupants.
Only a short stroll away are endless activities in the area including open green spaces such as Liberty Lands, Orianna Hill Park, galleries, boutiques, and breweries. Nearby favorite restaurants/cafes/bars include Apricot Stone, Desforra Café, Honeys Sit and Eat, Café La Maude, Bourbon and Branch, Silk City, D Olivia, Jerry’s, Urban Village Brewing Company and Restaurant, Cantina Dos Segundos, One Shot Coffee and Cafe, Starbucks and many more! Phenomenal public transportation and bike share programs are also moments away, including SEPTA’s Market Frankford Line (The El), buses, trolleys and Indego Bike Share as well as Interstate highways for commuters. Nearby walkable grocery stores is the Giant Heirloom, Amazon Fresh, and ACME. Just around the corner are other amazing neighborhoods including Fishtown and Old Kensington. Schedule your showing today.
