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.
- 7
- 0
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
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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