1. Virginia
  2. Meherrin
  3. 90 Hatton Ln
$495,000

90 Hatton Ln, Meherrin, VA 23954

  • 5,265 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon2.66acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $94/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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 Status:
Active
Listing Office:
RE/MAX Advantage Plus : (434) 392-1999
Listing Agent:
Marshall Simpson : (434) 547-6193
MLS ID:
2508043
  • Basement: FullPartially Finished

This listing courtesy of Marshall Simpson, RE/MAX Advantage Plus

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Prince Edward Middle School

35 Eagle Dr, Farmville, VA, 23901

Grades 5-8

7.47 miles away

P

Prince Edward Middle School

35 Eagle Dr, Farmville, VA, 23901

Grades 5-8

7.47 miles away

P

Prince Edward County High School

35 Eagle Dr, Farmville, VA, 23901

Grades 9-12

7.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.