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1675 Us Route 5 South, Fairlee, VT 05045

$863,000
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Active
SQUARE FEET4,103 MLS#5069106
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRivendell Interstate Sch Dist

Listing Courtesy of: Tesla Realty Group, LLC
Agency Phone: 844-837-5274
Associate Name: Loren Wehmeyer
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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.

1675 Us Route 5 South | MLS# 5069106

This multi-family property located at 1675 Us Route 5 South, Fairlee, VT 05045 is currently listed for sale with an asking price of $863,000. Us Route 5 South is located within the Rivendell Interstate Sch Dist school district. Search Fairlee real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Gravel, Insulated, Unfinished, Exterior Access, Basement Stairs
Cooling: None
Heating: Propane, Oil, Baseboard, Hot Water, Individual
Home Style: Multi-Family
Lot Size: 2.00 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $6,125
Year Built: 1954

Feature Descriptions

Color: Yellow
Construction: Concrete Exterior
Construction Status: Existing
Days on Site: 125
Driveway: Gravel
Driveway: Gravel
Electric: Circuit Breaker(s)
Exterior: Concrete Exterior
Flood Zone: No
Foundation: Block
Foundation: Block
Lot: Level
Parking: Parking Spaces 11 - 20
Roads: Public Maintained Road
Sewer: Septic
Sq. Ft. Above Grade Finished: 4103
Sq. Ft. Total Finished: 4103
Total Stories: 1
Units: 8
Water: Drilled Well
Zoning: Mixed use

Local Schools

High School: Rivendell Academy
Elementary School: Samuel Morey Elementary
School District: Rivendell Interstate Sch Dist

Listed By / Shown By

Listed By

Agency Name: Tesla Realty Group, LLC
Agency Phone: 844-837-5274
Agent Name: Loren Wehmeyer

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Estimated Payment

$ 2,682.79 per month $1,920.66 Principal & Interest $510.42 Property Tax $251.71 Homeowner's Insurance

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