90 Hatton LN Active Save Request In-Person Tour Request Virtual Tour
Meherrin,VA 23954
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,265 sqft
Price per Sqft $94
MLS Listing ID 2508043
Style Other,Low Rise
Construction Status Approximate
HOA Y/N No
Year Built 1973
Annual Tax Amount $2,483
Tax Year 2024
Lot Size 2.660 Acres
Acres 2.66
Property Sub-Type Multi Family
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
Location
State VA
County Prince Edward
Area 300 - Prince Edward
Rooms
Basement Full,Partially Finished
Exterior
Exterior Feature Unpaved Driveway
Roof Type Asphalt
Porch Rear Porch
Garage No
Building
Story 2
Sewer Aerobic Septic
Water Well
Architectural Style Other,Low Rise
Level or Stories Two
Structure Type Block,Vinyl Siding
Construction Status Approximate
Schools
Elementary Schools Prince Edward
Middle Schools Prince Edward
High Schools Prince Edward
Others
Tax ID 091-3-14
Ownership Corporate
Special Listing Condition Corporate Listing
Virtual Tour https://www.youtube.com/shorts/-x2rvlBjySY