723 E CHURCH LN Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19144
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 8,485 sqft
Price per Sqft $105
Subdivision Germantown (East)
MLS Listing ID PAPH2482438
Style French
Abv Grd Liv Area 8,485
Year Built 1925
Available Date 2025-05-28
Annual Tax Amount $3,964
Tax Year 2024
Lot Size 0.519 Acres
Acres 0.52
Lot Dimensions 100.00 x 226.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Exceptional multi-family investment opportunity in East Germantown! This 3-story 4-unit building spans roughly 8,485 Sq/Ft and offers reliable, long-term cash flow. For the past 19 years, the property has been leased under a master lease to a well-established mental health facility currently paying $8,300/month with a 3% increase each year. This mental health facility occupies all four of the units, so there is one tenant for the whole property. Two of the four units have 2 beds 1 bath and the other two units have two beds 1.5 baths. The tenant is responsible for all utilities and maintenance—owner only pays property taxes and owners insurance, keeping expenses low and returns strong.
With 3 levels of usable space and four occupied units, the building offers flexibility for future use. For investors looking to expand their investment portfolio with a stable income-producing asset in a growing market, this property checks all the boxes. Located right in East Germantown, just minutes from Germantown Ave, this location benefits from easy access to public transportation, local shops, and major commuter routes.
Strong tenant history, consistent income, and minimal owner responsibility make this a true turnkey investment. Don't miss out on this high-performing property in one of Philadelphia's most active redevelopment corridors!
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 7.0
Water Access N
View Street
Accessibility Ramp - Main Level
Total Parking Spaces 7
Garage N
Building
Lot Description Front Yard,SideYard(s)
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style French
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 122044100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://view.ricoh360.com/17515cf4-2925-4631-811f-b3a26391b0dd