723 E Church Ln Philadelphia, PA 19144
East Germantown NeighborhoodEstimated payment $5,282/month
Total Views
23,050
--
Bed
--
Bath
8,485
Sq Ft
$105
Price per Sq Ft
Highlights
- 0.52 Acre Lot
- Front and Side Yard
- Forced Air Heating and Cooling System
- French Architecture
- Ramp on the main level
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,964
Year Built
- Built in 1925
Lot Details
- 0.52 Acre Lot
- Lot Dimensions are 100.00 x 226.00
- Front and Side Yard
Home Design
- 8,485 Sq Ft Home
- Quadruplex
- French Architecture
- Masonry
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Driveway
- On-Street Parking
- Parking Lot
- Off-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
- Municipal Trash
Additional Features
- Ramp on the main level
- Urban Location
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 122044100
Community Details
Overview
- 4 Units
- Germantown Subdivision
Building Details
- Gross Income $99,600
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,652 | $283,200 | $56,640 | $226,560 |
| 2024 | $3,652 | $283,200 | $56,640 | $226,560 |
| 2023 | $3,652 | $260,900 | $52,180 | $208,720 |
| 2022 | $1,722 | $260,900 | $52,180 | $208,720 |
| 2021 | $1,722 | $0 | $0 | $0 |
| 2020 | $1,722 | $0 | $0 | $0 |
| 2019 | $1,699 | $0 | $0 | $0 |
| 2018 | $2,472 | $0 | $0 | $0 |
| 2017 | $552 | $0 | $0 | $0 |
| 2016 | $649 | $0 | $0 | $0 |
| 2015 | $621 | $0 | $0 | $0 |
| 2014 | -- | $176,600 | $34,027 | $142,573 |
| 2012 | -- | $76,800 | $6,755 | $70,045 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $895,000 | -- | $105 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | $15,000 | -- | |
| Sheriffs Deed | $6,500 | -- | |
| Deed | $500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Unknown | |
| Previous Owner | $350,000 | Commercial | |
| Previous Owner | $300,000 | Construction |
Source: Public Records
About the Listing Agent
Born and raised in Philadelphia, Temple University graduate and CEO of RE/MAX @ HOME, Maria Quattrone has over ten years experience serving people’s needs in the Philadelphia real estate market. In 2005 she founded Maria Quattrone Real Estate Experts, providing quality, customer-driven service throughout the Philadelphia area. Maria grew her company into one of the most successful real estate teams in the city, having helped her clients buy and sell more than 1,000 properties totaling over $250
Maria's Other Listings
Source: Bright MLS
MLS Number: PAPH2482438
APN: 122044100
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