6206 Germantown Ave - Apartments FOR SALE


Philadelphia, PA 19144- Germantown
$1,350,000 USD
267-243-4652
6206 Germantown Ave, Philadelphia, PA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/28
null | 8.02% Cap Rate

6206 Germantown Ave
Philadelphia, PA 19144
Germantown


HIGHLIGHTS

  • 100% Occupied turnkey investment
  • Rare short-term rental & hotel approved variance
  • 10-Year Tax Abatement
  • Luxury Finishes
  • High Ceilings

OVERVIEW

Philly CRE Advisors is pleased to present 6206 Germantown Avenue, a rare, fully leased mixed-use property in Philadelphia with variance approval for short-term rentals, including Airbnb and hotel use. Legal short-term rental zoning is extremely limited citywide, making this a truly unique investment opportunity for both passive and strategic investors. The building features four total units: three modern residential apartments and one commercial space. The residential units are leased at $2,500/month on two-year leases through 2027, while the commercial space will be delivered with a brand-new five-year NNN lease including 5% annual increases, ensuring stable, escalating cash flow. This property offers a true 8% cap rate, with all leases in place and zero deferred maintenance, making it a completely hands-off, turnkey investment. The triple-net commercial lease, long-term residential leases, and low-expense profile create the perfect scenario for buyers seeking predictable returns without active involvement. Additional highlights include high ceilings, contemporary finishes, and a full 10-year tax abatement, further enhancing net operating income. Whether you plan to hold long-term or explore the short-term rental upside, 6206 Germantown Avenue checks every box: fully leased, newly built, legally zoned for Airbnb, and built for performance.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

8.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Avenue at 6206

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,726 SF

ZONING

CMX2

APN/PARCEL ID

884926200

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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