57 Depot Drive
Property Description
Investors take notice! A rare opportunity to acquire a four-unit apartment building in East Thetford, Vermont, conveniently located just five minutes from Exit 14 off I-91. With rental housing in short supply throughout the Upper Valley, this property offers an excellent opportunity to expand your investment portfolio! Situated on 0.42 acres, the building features a desirable mix of apartments, including one three-bedroom unit, two two-bedroom units, and one one-bedroom unit, providing flexibility and appeal to a variety of tenants. Each apartment is equipped with its own standalone Rinnai heater. Additional amenities include town water and access to EC Fiber high-speed internet. The property's location offers convenient access to the many employment centers, shopping, dining, and recreational opportunities of the Upper Valley. Adding to its appeal is the rich railroad history of the surrounding area. The adjacent historic Thetford Station was once a bustling passenger depot, telegraph office, and freight house along the Connecticut & Passumpsic Rivers Railroad, which began serving the area around 1848. This important rail connection helped transform commerce throughout the Connecticut River Valley, linking local communities with major markets, including Boston. For investors seeking an even greater opportunity, the historic train depot commercial building next door is also available for purchase! See MLS #5117240 for additional information. Whether you are looking to establish a foothold in the Upper Valley rental market or expand an existing portfolio, this four-unit property deserves your attention. Don't miss this opportunity to invest in a region where rental housing remains in high demand!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $399,000 |
| No. of Units: | 4 |
| Year Built: | 1850 |
| Lot Size: | 2,780.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $99,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-NNERENNH-5117241
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Rick Recckio
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Greg Corbin
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Lenders
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout