3554-3556 Woodcrest Ave, Newtown Square, PA 19073

Description

Updated Newtown Square Duplex | Two Spacious Residences |
Flexible Owner-Occupant or Investment Opportunity. This unique
4,454 square-foot property consists of two side-by-side townhome-
style residences: a 3BR/2.5BA residence and a 4BR/3.5BA residence.
This large, exceptionally well maintained property features
generously sized rooms, modern updates and the conveniences
today’s tenants and homeowners appreciate.
Flexible possession with upcoming tenant turnovers provides
opportunity for an owner-occupant or investor to establish new
tenancy at the current market rents. Live in one residence while
generating rental income from the other.
Investors will acquire a high quality rental property with its
substantial capital improvements and the opportunity to reposition
rents as the existing tenancies turn over. Current combined income
is $6,010/month, with upside potential as rents are repositioned to
market levels.
Both residences offer three floors of finished living space and are
largely mirror images of each other, with distinct lower levels.
Included floorpans highlight the flexibility of each residence. Unit
3556’s larger lower level includes a comfortable space with
kitchenette, bedroom, full bathroom, office, and living/media room,
well suited as an in-law or au-pair suite, with private entrance and
exits. Unit 3554’s finished lower level includes a private office or
recreation room, kitchenette and half bathroom. High-quality
appliances include KitchenAid ovens, Bosch dishwashers, GE
Monogram wine cooler, a Dacor gas cooktop, an LG WashTower
laundry system. Additional features include Onkyo surround sound,
Lorex outdoor video surveillance, heavy-duty 1 HP garbage disposals,
glass-enclosed showers, ceramic tile and marble finishes, and vented
skylights.
Ideally situated in the highly desirable St. Albans neighborhood of
Newtown Square, the property offers the best of both worlds: a
quiet, leafy setting tucked away on a knoll, yet convenient to major
commuting routes and the growing Newtown Square town center,
with its restaurants, shops, and everyday services. Teca, Ruth’s Chris,
Acme, Whole Foods, Gentile’s Markets, Main Line Health, AC Hotel,
Hilton Gardens Inn, Ellis Preserve’s destination amenities Kilwins and
Cleavers are all within approximately 3/4 mile. Private driveways
provide parking for up to 9 vehicles.


WHY WOODCREST AVENUE
Two spacious, separately configured residences 3BR/2.5BA + 4BR/3.5BA 4,454 square feet ... Three finished levels in each residence ...Two addresses, separately metered ... Finished lower level flexibility ... Newer roof, windows, flooring, kitchens, bathrooms, retaining wall ... Central HVAC ... Significant off-street parking ... Owner-occupant or Investor opportunity ... Property’s combined rental income of $6,010/month with upside
potential
Upcoming tenant turnover creates flexibility for the next owner
Detailed Income and Expenses available upon request for qualified
buyers. The Seller requires all offers to purchase this property to
include a complete and signed & Buyers Financial Statement; (BFI)
and, for all non-cash offers, a Mortgage Pre-approval letter from a
reputable mortgage company.