103 MERCER MILL Rd, LANDENBERG, PA 19350

Sqft
3,770

View property features, location on map, relevant school information and overview from seller's agent.

Listed byIron Valley Real Estate Exton
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Overview

Discover a profitable value-add multi-family investment in the heart of Landenberg. This income-producing 4-unit property is set in a peaceful country environment with strong rental demand and long-term tenant stability. With a current total rent roll of $4,950/month and value-add potential this property offers both immediate cash flow and excellent growth upside.

Each unit features its own unique layout and charm: one 3-bedroom 1-bath unit, one 2-bedroom 1-bath unit, and two 1-bedroom 1-bath units. Rents are strong, and cosmetic renovation of the 1BR unit could boost income $400/month. Additional upside comes from utility restructuring — propane/heat and well expenses are currently owner-paid but may be transferred to tenants to improve operating margins by $6000/year. There is also potential to add coin-operated laundry for an extra revenue stream and added convenience.

Located in highly desirable Landenberg, tenants enjoy the quiet rural setting while remaining close to Newark, DE, Kennett Square, local amenities, and top-rated schools. 103 Mercer Mill Rd checks all the boxes for stable returns with room to grow.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
3,770
Lot size (acres)
0.60
Year built
1880

Exterior features

Horse amenities
Stable

Utilities

Cooling
None
Sewer
Private Sewer
Water
Well

Taxes

Tax Annual Amount (2025)
$6,375

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PACT2111772 Last checked:

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