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Updated almost 5 years ago on . Most recent reply

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Eric Ng
  • Investor
  • New York CIty
18
Votes |
19
Posts

Is Lakeland FL a good area for duplexes?

Eric Ng
  • Investor
  • New York CIty
Posted

To preface, I'm a brand new investor and considering different markets for my first property to invest in. My current preference is to look for a duplex instead of single family homes. 

I've been looking at Lakeland FL and I was wondering if the area in general is good for duplexes? I know there are different submarkets and have started to do more research but would love some insight to see if this is an area I should look at in more detail or if I should try to look at some other markets.

Thanks!

Eric

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Replied

@Eric Ng The short answer would be yes, if you can find the deal. I lived there for 5 years while attending college (graduated in early 2017) and I currently make a trip down there about once a quarter to visit old friends (I live in south GA so it's about a 6 hour drive for me). I am looking at properties in the area as well and would definitely be interested in connecting if you are. There are some great small pockets there right next to Florida Southern College where a duplex would be fantastic. Definitely become comfortable with the area though because 1 mile to the north is a definite no go in my opinion for about two square miles. It is where ALL of the homeless are and is a definite D area. I worked with the police Lakeland Police department when I was down there and I can assure you that a lot of calls came from that area. East is okay until you cross over the highway. West is good but probably a little too pricey especially if you're trying to target college kids. South isn't terrible but is also somewhat pricey. These cardinal directions are all in relationship to FSC/Lake Hollingsworth by the way. Again, would love to connect so send me a message if you're interested. Worst case, I can easily give you some good "insider" advice on the area but overall it has a lot of potential.

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