As we emerge from the pandemic, Florida is prime to grow and flourish in the multifamily and senior community industry. In fact, Orlando, Tampa, Miami, Jacksonville, Fort Myers have become hot spots for high returns and new tenants.
Partnering with the right construction and renovation company can make the difference between an excellent high income rental property and the average, run of the mill investment property. Having a great strategy, the latest information, and technology, ensure your investment has high returns.
What makes Orlando a great place to invest in multifamily housing
High population growth
Elevated job growth
Quality population of renters
Compared to similar markets, Central Florida has low real estate prices
Rental rates are high in comparison to other areas
Low property taxes
The future of multifamily housing and senior communities are definitely looking bright in Central Florida. High appreciation has investors flocking to the Orlando area.
The top areas for Multifamily housing include:
Lake Nona
The Lake Nona community is known for being one of the fasted growing areas in the country, with high value and quality tenants. The beautiful lake the community is planned around is surrounded by the top health care and human performance. These institutions include UCF Cancer Center, College of Pharmacy, University of Central Florida College of Medical Education, Lake Nona Medical Center, Nemours Children’s Hospital, and University of Florida Research & Academic Center.
Kissimmee
Known as the world renowned vacation destination, Kissimmee, Florida is located in Osceola County, near the famous theme parks. The average apartment rents for $1,478 a month, vacancy remain low. When an apartment becomes available, there are hundreds of inquires.
Other fast growing areas in Central Florida include, Oviedo, Apopka, Maitland, Casselberry, Curry Ford West, Baldwin Park, Clermont, College Park, and Winter Park.
When it comes to multifamily housing, it is important to be ahead of the curve. Partnering with SWET Construction Group will produce lucrative outcomes.