90 Hatton Ln - Apartments FOR SALE


Meherrin, VA 23954
$495,000 USD
434-547-6193
90 Hatton Ln, Meherrin, VA for Sale
$495,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

90 Hatton Ln
Meherrin, VA 23954


OVERVIEW

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

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

5

PRICE/UNIT

$99,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,006 SF

ZONING

Multi Family

APN/PARCEL ID

091-3-2

ASK ABOUT THIS PROPERTY

Marshall SimpsonRE/MAX Residential OfficeMore Info
434-547-6193

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Marshall SimpsonRE/MAX Residential OfficeMore Info
434-547-6193

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.