3554-3556 Woodcrest Ave - Apartments FOR SALE


Newtown Square, PA 19073- Main Line-Delaware
$1,200,000 USD
215-470-2914
3554-3556 Woodcrest Ave, Newtown Square, PA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

3554-3556 Woodcrest Ave
Newtown Square, PA 19073
Main Line-Delaware


HIGHLIGHTS

  • A well maintained updated updated and modernized building
  • Two side by side spacious townhomes in one building
  • 3 full floors of living space in each unit

OVERVIEW

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 "Buyer's Financial Statement" (BFI) and, for all non-cash offers, a Mortgage Pre-approval letter from a reputable mortgage company.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,670 SF

ZONING

C

APN/PARCEL ID

30-00-02988-00

ASK ABOUT THIS PROPERTY

Rick OppermanLong & Foster Real Estate, Inc.More Info
215-470-2914

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

Rick OppermanLong & Foster Real Estate, Inc.More Info
215-470-2914

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