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 historyâ??perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.
Well-maintained two-unit multi-family home in the village of Fairlee, VT! Unit #1 offers an open-concept kitchen, dining, and living area with a ¾ bath on the main floor, plus two bedrooms and an office upstairs. Unit #2 provides convenient first-floor living with two bedrooms, a ¾ bath, and a spacious kitchen, dining, and living area. A garage rental space adds additional income potential. Located near Lake Morey Country Club, Fairlee Beach, and I-91, this property offers both comfort and convenience. Perfect for investors or owner-occupants looking to offset their mortgage. Close to all town amenities, this one wonâ??t last long!
Fairlee is located in Vermont. Fairlee, Vermont has a population of 1,102. Fairlee is less family-centric than the surrounding county with 21.16% of the households containing married families with children. The county average for households married with children is 25.82%.
The median household income in Fairlee, Vermont is $53,767. The median household income for the surrounding county is $67,906 compared to the national median of $69,021. The median age of people living in Fairlee is 57.2 years.
The average high temperature in July is 76.5 degrees, with an average low temperature in January of 5 degrees. The average rainfall is approximately 41.6 inches per year, with 85.5 inches of snow per year.
