Top Submarkets in Central Florida / Orlando Area for Mulifamily

[Robert Carlson]

Central Florida / Orlando Investors:  What are the best submarkets in the Central Florida / Orlando area to invest in for Class C multifamily properties? I am looking to purchase 1-2 of these types in Central Florida/Orlando in 2020. I am building my team now, and would appreciate any help on where to focus attention -- and where to avoid due to over-supply, decreasing potential, etc.

[Andrew Davis]

Hey @Robert Carlson - truly class C markets are going to be around the perimeter of downtown, generally at least 30 minutes out. Parts of Kissimmee, Sanford, Lake County, Osceola County and Polk County.

You'll (obviously) want a good, boots on the ground local agent who knows the nuances of this market. It's really overheated right now, and supply constrained, so there are thousands of new units coming online. That puts pressure on prices of existing assets as the new units, due to high construction costs, are almost all class A.

Hope that helps!