6206 Germantown Avenue, Philadelphia, PA 19144

Property Description

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.