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
For sale
$495,000
90 Hatton Ln, Meherrin, VA 23954
8beds
4baths
5,265sqft
Est.:
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
- 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#: 2508043
Originating MLS: Central Virginia Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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