Looking for advice on a neighborhood on Orlando

[Prashant Sharma]

Hello BP members,

I'm looking to purchase a rental property in the Mills 50 area also know as Colonialtown North area of downtown Orlando, Florida. Anyone who is familiar with the neighborhood can you please share your opinion and what kind of rents this neighborhood can get? Is this considered an overall B+ or better neighborhood? Any good schools worth noting for renting to families with kids?

If you own something in or around this area, how has your experience been? Anyone owning out of state in Orlando downtown, I would love to hear from you on who you hire for property mgmt.

Thanks

[Scott Harper]

Very few people from Orlando participate on BP. I do not know why. I am familiar with Mills and 50 a little. It is a nice area. There are a lot of legal offices there and the singles and young married couples like it. Lake Eola park is there and many young people like to gather downtown. I am not familiar with rent amounts but I would guess it will depend on what you are renting. Smaller houses vs. larger. I am in Seminole county , about 25 min away and rents are around a dollar a sq foot but it is rare to find anything under 1200.00 a month for any property.  Good luck.