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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Aaron Jones • Iron Valley Real Estate Exton

$549,900

Est. payment - /mo

3,770 SqFt

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Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,770 sqft

Price per Sqft $145

MLS Listing ID PACT2111772

Style Traditional

Abv Grd Liv Area 3,770

Year Built 1880

Available Date 2025-10-31

Annual Tax Amount $6,375

Tax Year 2025

Lot Size 0.602 Acres

Acres 0.6

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

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.

Location

State PA

County Chester

Area New Garden Twp (10360)

Zoning R1

Interior

Hot Water Electric, Propane

Heating Hot Water

Cooling None

Fireplace N

Heat Source Propane - Leased

Exterior

Garage Spaces 7.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 7

Garage N

Private Pool No

Building

Foundation Stone

Above Ground Finished SqFt 3770

Sewer Private Sewer

Water Well

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Kennett Consolidated

Others

Tax ID 60-05 -0054

Ownership Fee Simple

SqFt Source 3770

Acceptable Financing Cash, Conventional, Other, Negotiable

Listing Terms Cash, Conventional, Other, Negotiable

Financing Cash,Conventional,Other,Negotiable

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate License ID: 0682262

103 MERCER MILL RD Landenberg, PA 19350

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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103 MERCER MILL RD