Investment homes in cool school towns

Burlington, Vermont

Address: 337 College St., Apartment 4
Price: $199,000
Square feet: 738
Price per square foot: $270

This condo is one of the most expensive homes on our list, but it packs in the style. Conveniently situated between the University of Vermont and downtown Burlington, this two-bedroom, one-bathroom home features a nicely appointed kitchen with new stainless steel appliances and a butcher block counter top. The recently upgraded bathroom includes new tile, a vanity, a stylish sink and a shower. There's a washer and dryer located in the unit. You can finance this condo for around $828 per month; average rent on a two-bedroom home is $1,091.

Nestled along Lake Champlain's eastern shore, Burlington has been listed as one of the best college towns by several publications. Nightlife thrives on the waterfront. Outdoor activities are virtually limitless.

Nick Riina: Coldwell Banker Hickok & Boardman Realty; 802-846-9559