McGettigan Negotiates Sale of Conshohocken Apartment Buildings
Updated: Oct 17
Beau McGettigan Director, Investments - Greater Philadelphia (215) 360-3540 | email@example.com Beau McGettigan, Director at KW Commercial, recently brokered the transaction for 709-711 Harry Street in Downtown Conshohocken, PA. The offering consisted of two side-by-side buildings, 12 apartment units. The buildings were legacy-owned and self-managed with extremely little turnover. Current rents were below market 30-70% with minimal renovations required to achieve at or above market. The property was placed under agreement in under 30 days and settled in 60 days and represented a record for Montgomery County Class B Apartments trading at $255k± / a 4% Cap Rate. Dave Specht, area director for KW Commercial, added, “Once again Beau did an excellent job for his client. We are very pleased with his efforts and results.”
If you are interested in working with KW Commercial and joining our specialized agents, please contact us at 215-664-1091.