90 Hatton Ln Meherrin, VA 23954
Estimated payment $3,234/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
Co-Listing Agent
RE/MAX Advantage Plus Brokerage Phone: 4343921999 License #0225230244
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1973
Lot Details
- 2.66 Acre Lot
Home Design
- 5,265 Sq Ft Home
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Utilities
- Central Air
- Heating Available
- Natural Gas Not Available
- Well
- Septic Tank
Listing and Financial Details
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 |
Source: South Central Association of REALTORS®
MLS Number: 57020
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