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Updated about 5 years ago on . Most recent reply

St Albans, Vermont: anyone here familiar with this rental market?
I'm thinking about purchasing a triplex in St. Albans, VT. At current rents it has a -$180 cash flow. I BELIEVE that raising the rents to market value will turn this into a positive cash-flow of $400-$500. I'm not having luck confirming this on Craigslist and Rent-o-meter as information on these sites is scarce for this market. Do you know the market? Do you know what I can get for B+ apartments with:
2BR?
3BR?
4BR?
Any advice would be much appreciated!
=)
Most Popular Reply

@Jean-Paul E. Gagnon
I have studied this market for about a year.
This is where I would put a B class property
1 BR - $900
2 BR - $1100
3 BR - $1400
Assuming tenet pays all utilities.