Listed by Tesla Realty Group Maine
$1,576,000
14/16 Summarsell Drive
Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Commercial studio
Square Footage 9,500
Net Rentable (SqFt) 9,500
Units 9
Cap Rate 8.29%
NOI $130,588
Occupancy 100%
Tenancy Multi
Price per SqFt $166
Class B
Year Built 1973
Year Renovated 2121
Buildings 2
Stories 2
Acreage 5.830
Investment Type Stabilized
Occupancy Date 11/13/2025
9 Multifamily Units, 5 rented storage spaces | $175,111/multifamily unit
Marketing description
This charming, converted farmstead features two primary buildings on one parcel, combining classic Vermont character with solid investment returns. The property offers a diverse mix of one-, two-, three-, and four-bedroom apartments, plus one commercial unit currently leased to a local bath and body company. Additional income comes from a three-bay garage, a shed, and a storage container all fully rented.
Only 22 minutes to Dartmouth College and Dartmouth Hitchcock Medical Center. Residents enjoy the small-town community feel, access to Hartland’s highly regarded school system (with high school choice), and the convenience of on-site coin-operated laundry.
Investment highlights
- Studio units: 0
- 1-bed units: 1
- 2-bed units: 5
- 3-bed units: 1
- 4-bed units: 1
- Commercial unit: 1
- Storage units: 5
- Total residential/commercial units: 9
Listing Contacts
Listed by Tesla Realty Group Maine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,588.00
$10,882.33/mo
Valuation Metrics
0
DSCR
8.29%
Cap Rate
8.29%
ROI
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