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For sale
  • $495,000

    90 Hatton Ln, Meherrin, VA 23954

    8beds
    4baths
    5,265sqft
    : 
    Condominium, Multi Family
    Built in 1973
    -- sqft lot
    $486,200 Zestimate®
    $94/sqft
    $-- HOA

    What's special

    Separate electric metersCentral heat and acCovered rear porches
    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
    98 days
    on Zillow
    |
    658
    |
    56
    |

    Zillow last checked: 8 hours ago

    Listing updated: May 28, 2025 at 01:42pm

    Listed by:

    Marshall Simpson 434-547-6193,

    RE/MAX Advantage Plus

    Source: CVRMLS,MLS#: 2508043MLS LogoOriginating MLS: Central Virginia Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 90 Hatton Ln.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Features
    • Basement: Full,Partially Finished
    • Attic: None
    Interior area
    • Total interior livable area: 5,265 sqft
    • Finished area below ground: 1,755
    Video & virtual tour

    Property

    Parking
    • Parking features: Circular Driveway, Driveway, Unpaved
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Rear Porch
    • Exterior features: Unpaved Driveway
    Lot
    • Size: 2.66 Acres
    Details
    • Parcel number: 091314
    • Special conditions: Corporate Listing

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other,Low Rise
    • Property subtype: Condominium, Multi Family
    Materials
    • Block, Vinyl Siding
    • Roof: Asphalt
    Condition
    • Year built: 1973

    Utilities & green energy

    • Sewer: Aerobic Septic
    • Water: Well

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Meherrin

    Financial & listing details

    • Price per square foot: $94/sqft
    • Tax assessed value: $487,000
    • Annual tax amount: $2,483
    • Date on market: 5/5/2025
    • Ownership: Corporate
    • Ownership type: Corporation
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