90 Hatton Lane
Meherrin, VA 23954
- – beds
- – baths
- 5,265 sqft
- ~3 acre lot
- $94 per sqft
- 1973 build
- – on site
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
Last checked:
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Last updated Mar 29, 2025
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MLS# 2508043 —
The Building
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Year Built:1973
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Year Built Details:Approximate
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Construction Materials:Block,VinylSiding
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Architectural Style:Other,LowRise
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Roof:Asphalt
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Exterior Features:UnpavedDriveway
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Stories Total:2
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Stories:2
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Levels:Two
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Basement:Full,PartiallyFinished
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Basement:true
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Patio And Porch Features:RearPorch
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Below Grade Finished Area:1755.0
Room Dimensions
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Living Area:5265.0
The Property
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Parcel Number:091-3-14
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:2.66
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Lot Size Area:2.66
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Lot Size Units:Acres
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (434) 547-6193
- Office phone:
- (434) 392-1999
Taxes
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Tax Year:2024
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Tax Lot:14
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Tax Annual Amount:2483.7
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Tax Assessed Value:487000
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Tax Legal Description:CEDAR CROFT EST LOT 14 AC 2.660 CL 2 DB 2013/183
The Listing
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Virtual Tour URL Unbranded:https://www.youtube.com/shorts/-x2rvlBjySY
Utilities
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Sewer:AerobicSeptic
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Water Source:Well
Schools
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Elementary School:Prince Edward
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Middle Or Junior School:Prince Edward
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High School:Prince Edward
The Community
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Subdivision Name:None
Parking
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Garage:false
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Parking Features:CircularDriveway,Driveway,Unpaved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/25
Mar 28, 2025
|
Listed / Active | CVRMLS | $495,000 | 421.1% (58.4% / YR) |
|
1/10/18
Jan 10, 2018
|
CVRMLS | $95,000 |
