$ 649,900
-
$649,900
Price -
7
Bed - Bath
-
3,770
SqFt
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About the Listing IVREE - 3382314
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.
Listing Highlights for 103 Mercer Mill Rd
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
PACT2111772
Year Built
1880
Total Square Footage
3,770
Lot/Acreage
0.6
Interior Details
- Bedrooms: 7
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3770
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 7
- Lot Dimensions: 0.00 x 0.00
- Zoning: R1
- Roof: Shingle
- Others:
- Sewer: Private Sewer
- Parking Features: Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,375
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
103 Mercer Mill Rd Landenberg, PA 19350
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