Philadelphia, PA 19144 723 E Church Lane

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Presented By: RE/MAX @ HOME
  • MLS# PAPH2482438
  • 05/21/2025
  • Request Tour
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  • Beds • 8

Home Details

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 maintenanceowner 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!
Presented By: RE/MAX @ HOME

Interior Features for 723 E Church Lane

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 723 E Church Lane

Acceptable FinancingCash, Conventional
AccessibilityRamp - Main Level
Architectural StyleFrench
Association Recreation FeeN
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsFrom Germantown Ave, turn onto E Church Ln heading North East. Drive straight for about 3 blocks. After you pass Belfield Ave, continue straight for about 6 blocks and then 723 E Church Ln will be on y
Garage Y/NNo
HeatingForced Air
Historic Y/NNo
Lease TypeLong Term
Location TypeUrban
Lot Size Square Feet22616.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
ModificationTimestamp2025-06-08T00:20:57
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnerPaysTaxes - Real Estate, Insurance
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG105.48
Property SubtypeQuadruplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameGERMANTOWN (EAST)
Tax Annual Amount3964.0
Tax Assessed Value283200.0
Tax Lot8
Tax Year2024
Total Actual Rent99600.00
Total SQFT8485
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Two Bedroom4
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningRSA1

Exterior for 723 E Church Lane

Exterior AmenitiesSidewalks, Street Lights
Foundation DetailsOther
Land Assessed Value56640.00
Land Use CodeG41
Lot Dimensions100.00 x 226.00
Lot FeaturesFront Yard, SideYard(s)
Lot Size Acres0.52
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking Lot - # of Spaces7
PoolNo Pool
SpaNo
Total Parking Spaces7
Type of ParkingDriveway, Off Street, On Street, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $895,000
MLS#PAPH2482438
List Date 05/21/2025
Property Type Multi-Family
Phone 703.929.4729
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