Florida is well known for the best place to invest in multifamily housing. The beautiful city of Orlando is one of the fastest growing communities. A hotspot for new tenants, with excellent returns, high appreciations and property cash flow.
Orlando, Florida is considered one of the top rental markets in the nation for many reasons, population growth, quality of life, job growth, high rental rates, and low property taxes.
What are the next up and coming communities investors are looking for in the Orlando area?
Lake Nona
As one of the fasted growing communities in the country, Lake Nona is home to the newest medical ecosystems. Such as the University of Central Florida College of Medicine Education, Lake Nona Medical Center, Nemours Children’s Hospital, UCF Cancer Center, University of Florida Research & Academic Center, and College of Pharmacy. Both the professional and medical sectors are increasing growth in the area.
Winter Park
The job growth in Winter Parks is much higher than the average, at 47.7%. Rental units rent very quickly and tend to have higher rent than the surrounding areas. The average rental is at $2,000 a month.
College Park
Locate just outside of Downtown Orlando, College Park is known for its charm and attractive living area. The average rental rate was up 13% in the last year with new units leasing within 30 days.
Baldwin Park
The highly sought after area of Baldwin Park is family friendly with great schools. The current monthly rent for a one bedroom apartment is $1,,761, and only increasing in value.
Curry Ford West
Known for the vision of future growth, Curry Ford West has renters flocking to the area. Events are happening every weekend, Main Street 101, Sip & Savor, Pallet Painting, and so much more.
No matter where you invest in Multifamily housing in Central Florida, you need a reputable construction group who knows how to keep your property up to date and ahead of the competition.
Located here in Central Florida, SWET Construction Group is an industry leader in the construction and renovation of multi-family housing, apartments, condominiums and commercial building. We offer cost-effective plans, fast and attractive flooring, interior design services, drywall, metal framing, paint and waterproofing.