1675 Us Route 5 South Fairlee, VT 05045
Well-maintained multifamily property with eight units and strong rental history.
Lot size:
2.00 AcresProperty Features for 1675 Us Route 5 South
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 2.00 Acres
Building Details
- Year built
- 1954
Source:
Elliman
Listing Agent: Loren Wehmeyer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity in Fairlee
This multifamily property features two buildings on one parcel, offering eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit. Located 22 minutes from Hanover, NH, the buildings sit on a spacious lot with a large backyard. Recent upgrades in 2020 include new windows, all-new plumbing supply lines, a pressure tank, a water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system. Tenants pay their own electric, and six of the eight units pay their own heat. The property also features on-site coin-operated laundry for tenant convenience. This is an investment opportunity with a strong income stream and proven rental history.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fairlee
- County
- Orange
- State
- Vermont
- Longitude
- -72.1735019
- Latitude
- 43.8879968
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FAQs
What type of property is this?
Apartment building - Well-maintained multifamily property with eight units and strong rental history.
Where is this apartment building located?
The property is located at 1675 Us Route 5 South Fairlee, VT.
What is the asking price?
The asking price for this property is $863,000.
What are key features of this property?
This property features: - Turnkey investment property with a strong income stream and proven rental history.; - Eight residential units and two rented storage spaces provide diverse housing options and income streams.; - Recent upgrades in 2020 including new windows, plumbing, insulation, and kitchens ensure low-maintenance operation.
