1675 Us Route 5 S, Fairlee, VT 05045
- $863,000
- 4,103
- SqFt
Listing courtesy of Loren Wehmeyer from Tesla Realty Group, LLC. ()
- List Price
- $863,000
- Status
- ACTIVE
- MLS#
- 5069106
- Living Area
- 4,103
- Lot Size
- 87,120
- Acres
- 2
- Year Built
- 1954
Property Description
Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history—perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.
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Additional Information
- Taxes
- $6,125
- Listing Agent
- Loren Wehmeyer
- Listing Office
- Tesla Realty Group, LLC
- Style
- Multi-Family
- School District
- Rivendell Interstate Sch Dist
- Elementary School
- Samuel Morey Elementary
- High School
- Rivendell Academy
- Electric
- Circuit Breakers
- Utilities
- Cable Available, Propane, Satellite, Phone Available
- Basement
- Gravel, Insulated, Unfinished, Exterior Entry, Basement Stairs
- Financing
- Conventional
- Foundation
- Block
- Sewer
- Septic Tank
- Roof
- Metal
- Zoning
- Mixed use
- Water
- Drilled Well
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