1035 Us Route 5Derby, VT 05829Sale Price: $740,000

Investors take note - you don't want to miss out on this unique opportunity. Built in 1783, this former farmhouse has been reconfigured and modernized to create seven bright, comfortable apartments with charming touches from the original farmhouse, like exposed beams. There are four 2-bedroom apartments and three 1-bedroom apartments, ranging in size from 600 to 1,200 square feet, with separate electric and heat for each unit. Set on 16+ country acres, the grounds are beautifully landscaped, with vegetable garden space available to tenants. With both residential and commercial zoning, the historic 50'x100', three-story post & beam barn could be transformed into a venue space, rented out as storage space, or designed for other uses, and there is further development potential for the land. The buildings sit on over 16 acres of mainly open land with lovely hay fields and pasture. Set your imagination free and imagine the possibilities. Located just minutes from I-91 and only 6 miles from North Country Hospital and downtown Newport, this location would be a draw for those working in the Derby/Newport area and beyond. Quality rentals are in high demand, and there is likely room to increase revenue given that rents have increased in recent years. Schedule an appointment today to come see this special property. One seller is a VT Licensed Real Estate Agent.