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Updated over 9 years ago on . Most recent reply
Lake Wales FL multi family
Anyone have experience with rentals, duplexes and multi family properties in Lake Wales FL? If so I'm wondering if you can comment on the strength of the rental market in Lake Wales. Are you seeing strong rental demand as well as demand for investors seking residential income properties? I Was originally looking in Tampa but a friend suggested lake Wales for lower prices.
Adam
Most Popular Reply
I don't know Lake Wales as well, but Lakeland rental market is HOT! I would assume lake Wales would be pretty good because it's not far from Lakeland, but I would recommend Lakeland over lake Wales. I have switched most of my focus in wholesaleing to Polk county in the last few months.
An example of the Polk county rental market, a triplex I am currently wholesaleing in Lake Hamliton (just East of Lake Wales) I have it at 45k and gross rent is $1,350 and it needs a roof and a little cosmetic work. I'm being too wordy here, point is Tampa has deals, but they are much harder to find than the outskirts of Tampa.