90 Hatton Lane, Meherrin, VA 23954

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$495,000

bedrooms

bathrooms

square feet

5,265

Acreage

Open Houses

year built

1973

Full Baths

Half Baths

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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

Location
Subdivision	-
County	-
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 57020

Listing agent: Parker Lamb

Listing broker: Re/Max Advantage Plus (434) 392-1999

Copyright © 2025 South Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, March 28 2025 at 7:47 p.m. EDT

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