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2 Fletcher Road, Fairfax, VT 05454

$799,000
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Active
BEDS11 BATHS7 full SQUARE FEET4,913 MLS#5114944
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLFairfax

Listing Courtesy of: RE/MAX North Professionals
Agency Phone: 802-655-3333
Associate Name: Darcy Handy
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Property Description

Excellent investment opportunity at 2 & 4 Fletcher Road in Fairfax! This well-maintained, fully occupied six-unit property offers immediate income with additional potential for rental growth. The property features a five-unit apartment building originally constructed in 1880, along with a separate single-family home built in 2023, offering an attractive combination of historic character and modern construction. Currently generating $92,100 in annual gross rental income, with room to increase rents, this property presents an appealing opportunity for investors looking to expand their portfolio. Ample on-site parking provides convenience for residents, while the combination of five apartments and a newer standalone home offers a diversified rental mix. With all six units occupied and income already in place, this is an opportunity to acquire an established income-producing property with potential for increased returns. Whether you're a seasoned investor or looking to grow your real estate holdings, 2 & 4 Fletcher Road deserves a closer look!

2 Fletcher Road | MLS# 5114944

This multi-family property located at 2 Fletcher Road, Fairfax, VT 05454 is currently listed for sale with an asking price of $799,000. Fletcher Road is located within the Fairfax school district. Search Fairfax real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Basement Stairs
Cooling: None
Heating: Propane, Oil, Baseboard, Monitor Type
Home Style: Apartment Building
Lot Size: 0.25 Acres
Roof Type: Metal
Stories: 2.5
Taxes: $12,660
Year Built: 1880

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1200.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1200.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $1000.00
Unit 4:
Bathroom(s): 1
Bedrooms: 3
Rent: $1200.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $975.00
Unit 6:
Bathroom(s): 2
Bedrooms: 2
Rent: $2100.00

Feature Descriptions

Construction: Wood Frame, Brick Exterior, Vinyl Siding
Days on Site: 18
Driveway: Paved
Driveway: Paved
Electric: Circuit Breaker(s)
Exterior: Wood Frame, Brick Exterior, Vinyl Siding
Flood Zone: No
Foundation: Stone
Foundation: Stone
Lot: Corner, Level, In Town, Near Shopping, Near School(s)
Roads: Paved, Public Maintained Road
Sewer: Public
Sq. Ft. Total Finished: 4913
Total Stories: 2.5
Units: 6
Water: Drilled Well, Public
Zoning: Mixed Use

Local Schools

High School: BFA Fairfax High School
School District: Fairfax

Listed By / Shown By

Listed By

Agency Name: RE/MAX North Professionals
Agent Name: Darcy Handy
Agency Phone: 802-655-3333

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Estimated Payment

$ 3,066.27 per month $1,778.23 Principal & Interest $1,055.00 Property Tax $233.04 Homeowner's Insurance

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