90 Hatton Lane Meherrin, VA $ 495,000
90 Hatton Lane
$ 495,000
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90 Hatton Lane

Meherrin, VA, 23954
$ 495,000
Baths0.0 Sq 5,265

Monthly Estimate*

$ 3,290

90 Hatton Lane, Meherrin, VA 23954 - Image 1
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Studio

Multi-Family Home for sale in Meherrin, VA

for $495,000. This 5,265 square foot home was built in 1973 on a lot size of 2.66.

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

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Multi-Family Active

Price

$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,483

Style

Multi Family

Lot Size

2.66

Year Built

1973

Town/City

Meherrin

County/Region

Prince Edward

MLS | Web ID

2508043

Features
General
Sewer AerobicSeptic
Roof Asphalt
Patio/Porch Features RearPorch
Architectural Style Other LowRise
Construction Materials Block VinylSiding
Year Built 1973
Stories 2
Levels Two
Property Subtype MultiFamily
Tax Year 2024
Ownership Corporate
Gross Income 4045.0
County Prince Edward
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name None
Garage Y/N N
Full Baths 0
Status Active
High School Prince Edward
Disclosures OwnerIsListingAgent
Senior Community Y/N N
Number Of Units Total 4
MLS Area 300 - Prince Edward
Lot Size Units Acres
Carport Y/N N
Electric On Property Y/N N
Elementary School Prince Edward
Property Attached Y/N N
Year Built Details Approximate
Land Lease Y/N N
Tax Annual Amount 2483.7
Home Warranty Y/N N
Middle/Junior High School Prince Edward
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.youtube.com/shorts/-x2rvlBjySY
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 487000
Tax Lot 14
Ownership Type Corporation
Interior
Basement Full PartiallyFinished
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Below Grade Finished Area 1755.0
Total Baths 0
Exterior
Exterior Amenities UnpavedDriveway
Parking Features CircularDriveway Driveway Unpaved
Water Source Well
Lot Size Area 2.66
Spa N
Lot Size Acres 2.66
WaterfrontY/N N
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
* Excluded Features
List By
Marshall Simpson

Listing Agent

Re/Max Advantage Plus

Broker

marshallsimpson@remax.net

Email

Affordability Calculator

$3,497
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,290
Monthly Property Taxes
$207
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1820796 Elementary School
1820850 Middle School
Prince Edward High School High School
Pricing History
DatePricePrice ChangeDescription
3/28/2025$495,000 Listed Price

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90 Hatton Lane, Meherrin, VA, 23954 is a Multi-Family Home for sale at $495,000 with 5,265 sqft and a lot size of 2.66. 90 Hatton Lane is a studio with 0.0 baths and was built in 1973. The property's zip code is 23954 which is in Meherrin, VA