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28226506
28226510

1673/1675 US Route 5 S, Fairlee, VT 05045 For Sale

LW
082.0134451
Tesla Realty Group Maine
Listed by Tesla Realty Group Maine
$863,000
251 days on market
Updated 57 days ago

1673/1675 US Route 5 S

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,103
Net Rentable (SqFt) 4,103
Units 8
Cap Rate 8.81%
NOI $76,012
Occupancy 100%
Price per SqFt $210
Class B
Year Built 1954
Year Renovated 2021
Buildings 2
Acreage 2.000
Parking Spaces 20 spaces
Parking per 1,000 SqFt 4.87
Investment Type Stabilized
Occupancy Date 01/23/2026
Ownership Single owner

8-unit, updated easy-keeper multifamily

Marketing description

Excellent investment opportunity in the VT/NH Upper Valley! This well-maintained multifamily property features two buildings on one parcel, conveniently located just 22 minutes from Hanover, NH. The buildings sit on a spacious lot with easy access to the Upper Valley region.

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. The property also includes two additional rented storage closets (about 100 square feet each).

Investment highlights

1 two-bedroom

3 one-bedroom

4 studios

2 rent exterior storage closets

coin-op laundry

Listing Contacts

LW
082.0134451
Tesla Realty Group Maine
Listed by Tesla Realty Group Maine

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$76,012.00
$6,334.33/mo

Valuation Metrics

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DSCR
8.81%
Cap Rate
8.81%
ROI

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