SQUARE FEET3,770
MLS#PACT2111772
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLKENNETT CONSOLIDATED
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Propane - Leased
Heating: Hot Water
Home Style: Traditional
Lot Size: 0.60 Acres
Roof Type: Shingle
Taxes: $6,375
Year Built: 1880
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Stone
Lot Dimensions: 0.60 Acre(S)
Municipality: NEW GARDEN TWP
One Bedroom Units: 2
Sewer: Private Sewer
Structure Type: Detached
Three Bedroom Units: 1
Total Garage/Parking Spaces: 7
Two Bedroom Units: 1
Units: 4
Water: Well
Local Schools
School District: KENNETT CONSOLIDATED
Listed By / Shown By
Listed By
Agency Name: Iron Valley Real Estate Exton
Agency Phone: 6105611111
Shown By
Agent Name: The Chrissie Barrick Team
Agent Phone: (717) 451-3850
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,104.27 per month $1,390.76 Principal & Interest $531.25 Property Tax $182.26 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
103 Mercer Mill Road | MLS# PACT2111772
This multi-family property located at 103 Mercer Mill Road, Landenberg, PA 19350 is currently listed for sale with an asking price of $624,900. Mercer Mill Road is located within the KENNETT CONSOLIDATED school district. Search Landenberg real estate on www.thechrissiebarrickteam.com today.