103 Mercer Mill Rd, Landenberg, PA 19350

$549,900
: 3,770
SqFt

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List Price: $549,900
Price Change: ▼ $50,000 1781984653
Days on Market: 282
Status: ACTIVE
MLS#: PACT2111772
Living Area: 3,770
Lot Size (Acres): 0.6000000000000001
Style: Traditional
Year Built: 1880
County: Chester
School District: Kennett Consolidated

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Property Description

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.

302-729-6885

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