Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Traditions
Property view
Listing view 2
Listing view 3

90 Hatton Lane, 
Meherrin, VA 23954

$495,000


Bed


Bath


5,265

Sq Ft


Multi-Family

Active

Listed by

Marshall Simpson

RE/MAX Advantage Plus

434-392-1999

Last updated:

May 7, 2025, 02:38 PM

MLS#

2508043

Source:

RV

About This Home

90 Hatton Lane

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

Home Facts

Multi-Family

Built in 1973

Price Summary

495,000

$94 per Sq. Ft.

MLS #:

2508043

Last Updated:

May 7, 2025, 02:38 PM

Added:

1 month(s) ago


Rooms & Interior

Interior

Living Area:

5,265 Sq. Ft.


Structure

Structure

Architectural Style:

Low Rise

Building Area:

5,265 Sq. Ft.

Year Built:

1973


Lot

Lot Size (Sq. Ft):

115,869


Finances & Disclosures

Finances

Price:

$495,000

Price per Sq. Ft:

$94 per Sq. Ft.

MLS Logo
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.