Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

37
Posts
2
Votes
Jean-Paul E. Gagnon
  • Rental Property Investor
  • Burlington, VT
2
Votes |
37
Posts

St Albans, Vermont: anyone here familiar with this rental market?

Jean-Paul E. Gagnon
  • Rental Property Investor
  • Burlington, VT
Posted

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!

=)

  • Jean-Paul E. Gagnon
  • [email protected]
  • 802-310-4611
  • Most Popular Reply

    User Stats

    17
    Posts
    5
    Votes
    Billy Thurston
    • Swanton, VT
    5
    Votes |
    17
    Posts
    Billy Thurston
    • Swanton, VT
    Replied

    @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.

    Loading replies...