$495,000

90 Hatton Ln Meherrin, VA 23954

Estimated payment $2,917/month

Total Views 3,256
-- Bed
-- Bath
5,265 Sq Ft
$94 Price per Sq Ft

About This Home

Turnkey 5-Unit Multifamily Investment – Strong Cash Flow & 100% Occupied! This fully occupied 5-unit multifamily property is a high-performing asset with a strong rental history and low vacancy rate—a true cash-flowing investment! The building consists of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating a solid $4,045/month in rental income. Recent upgrades include a new drilled well (April 2024), ensuring long-term reliability. Each unit is equipped with central heat and AC (mini-split system in the 1-bedroom unit), separate electric meters, and covered rear porches. The property offers privacy and a serene setting while maintaining convenient access between Farmville and Keysville, making it an attractive option for renters. Investors will appreciate the tenant-paid utilities (electric, internet, trash, etc.), minimizing owner expenses. The owner only covers lawn care and common area electric, maximizing net operating income. This property is being sold as-is, current owner is looking to do a 1031 exchange into another property. All units are occupied-please do not disturb tenants. Current management can continue if needed. Owner/Agent

Listing Agent

Marshall Simpson

RE/MAX Advantage Plus License #0225230244 Listed on: 03/28/2025

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,484

Year Built

  • Built in 1973

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 5,265 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Circular Driveway
  • Unpaved Parking

Schools

  • Prince Edward Elementary And Middle School
  • Prince Edward High School

Utilities

  • Well
  • Aerobic Septic System

Additional Features

  • Rear Porch
  • 2.66 Acre Lot

Community Details

  • 4 Units
  • Gross Income $4,045

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 091-3-14

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,484

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1973
  • Lot Size Acres: 2.66
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Other, Low Rise
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Approximate
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Basement: Full, Partially Finished
  • Basement YN: Yes
  • Below Grade Sq Ft: 1755.0
  • Living Area: 5265.0
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Vinyl Siding
  • Exterior Features: Unpaved Driveway
  • Patio And Porch Features: Rear Porch

Garage/Parking

  • Parking Features: Circular Driveway, Driveway, Unpaved

Utilities

  • Sewer: Aerobic Septic
  • Water Source: Well

Schools

  • Middle Or Junior School: Prince Edward

Lot Info

  • Parcel Number: 091-3-14
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 4045.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2483.7
  • Tax Lot: 14

MLS Schools

  • Elementary School: Prince Edward
  • High School: Prince Edward

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $495,000 0.0% $94 / Sq Ft
05/25/2025 05/25/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $495,000 +421.1% $94 / Sq Ft
01/10/2018 01/10/18 Sold $95,000 -- $18 / Sq Ft
Source: Central Virginia Regional MLS

Similar Home in Meherrin, VA

  • 90 Hatton Ln, Meherrin, VA 23954

    $495,000

    • 9 Beds
    • 5 Baths
    • 5,265 Sq Ft
    • 90 Hatton Ln
    • Meherrin, VA

    Turnkey 5-Unit Multifamily Investment – Strong Cash Flow & 100% Occupied! This fully occupied 5-unit multifamily property is a high-performing asset with a strong rental history and low vacancy rate—a true cash-flowing investment! The building consists of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating a solid $4,045/month in rental income. Recent upgrades

    Parker Lamb RE/MAX Advantage Plus

    Section Image

Source: Central Virginia Regional MLS

MLS Number: 2508043

Central Virginia Regional MLS