
90 Hatton Ln Meherrin, VA 23954
Estimated payment $2,917/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Similar Home in Meherrin, VA
Source: Central Virginia Regional MLS
MLS Number: 2508043

- 305 Loman Rd
- 96 Watson Blvd
- 15 Farmville Rd
- 000 Farmville Rd
- 0 Farmville Rd
- 291 Briery Hills Dr
- TBD Briery Way Rd
- 405 Washout Rd
- 0 Meherrin Rd Unit 70555
- 0 Meherrin Rd Unit 138520
- 2341 Chappell Rd
- 103 Steven St
- 0 Lakasie Dr Unit 355514
- 2481 Falkland Rd
- 4349 Chappell
- 4349 Chappell Rd
- 4385 Chappell Rd