723 E Church Ln - Assisted Livings FOR SALE


Philadelphia, PA 19144- East Germantown
$895,000 USD
215-607-3535
723 E Church Ln, Philadelphia, PA for Sale
$895,000 USD
Assisted Livings - FOR SALE
1/41
null | Request Cap Rate

723 E Church Ln
Philadelphia, PA 19144
East Germantown


HIGHLIGHTS

  • Location: East Germantown, near Germantown Ave & public transit
  • Size: 3-story, approx. 8,485 Sq/Ft
  • Units: 4 total (2) units – 2 beds, 1 bath (2) units – 2 beds, 1.5 baths
  • Tenant: Single long-term tenant (mental health facility) leasing all units
  • Income: $8,300/month with 3% annual increases
  • Lease History: Tenant in place for 19 years

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,608 SF

ZONING

RM-2 & RSA-1

APN/PARCEL ID

122044100

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.