Meherrin, VA 23954 90 Hatton Lane

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Presented By: Marshall Simpson with RE/MAX Advantage Plus.
  • Central Virginia Regional MLS (CVRMLS) - 11 - VA
  • MLS# 2508043
  • 03/28/2025
  • SQFT • 5,265

Home Details

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
Presented By: Marshall Simpson with RE/MAX Advantage Plus.

Interior Features for 90 Hatton Lane

Bathrooms

Half Baths0
Total Baths

Other Interior Features

Air Conditioning Y/NNo
BasementFull, PartiallyFinished
Basement (Y/N)Yes
Below Grade Finished Area1755.0
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 90 Hatton Lane

Additional Parcels Y/NNo
Architectural StyleOther, LowRise
Attached Garage No
Carport Y/NNo
Construction MaterialsBlock, VinylSiding
CountyPrince Edward
DisclosuresOwnerIsListingAgent
Electric On Property Y/NNo
Elementary SchoolPrince Edward
Full Baths
Garage Y/NNo
Gross Income4045.0
HOANo
High SchoolPrince Edward
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size UnitsAcres
MLS Area300 - Prince Edward
Middle/Junior High SchoolPrince Edward
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
OwnershipCorporate
Ownership TypeCorporation
Patio/Porch FeaturesRearPorch
Property Attached Y/NNo
Property SubtypeMultiFamily
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
SewerAerobicSeptic
Standard StatusActive
StatusActive
Stories2
Subdivision NameNone
Tax Annual Amount2483.7
Tax Assessed Value487000
Tax Lot14
Tax Year2024
Virtual TourClick here
Year Built1973
Year Built DetailsApproximate

Exterior for 90 Hatton Lane

Crops Included Y/NNo
Exterior AmenitiesUnpavedDriveway
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres2.66
Lot Size Area2.66
Open Parking Y/NNo
Parking FeaturesCircularDriveway, Driveway, Unpaved
SpaNo
Water SourceWell
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Prince Edward Elementary School
Middle School Prince Edward Middle School
High School Prince Edward High School

Bernice Sim

Associate
Price $495,000
MLS#2508043
List Date 03/28/2025
Property Type Income
Phone 804.874.8890
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