3554-3556 Woodcrest Ave, Newtown Square, PA 19073

Property 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.