Lake County Multi-Family Investment Opportunities
ROI Home Services Investment Team
October 5, 2024
Lake County is emerging as one of Central Florida's fastest-growing multi-family markets, driven by affordability migration from Orange and Seminole counties and major infrastructure improvements.
Growth Drivers
- 429 Wekiva Parkway completion improving connectivity to Orlando
- Significant single-family price gap creating rental demand
- Healthcare and retail development in Clermont and Mount Dora
- Population growth of 3.2% annually, outpacing state average
Cap Rates & Returns
Multi-family cap rates in Lake County average 5.8-6.5%, approximately 50-75 basis points higher than comparable Orange County properties. Two-to-four unit properties offer particularly attractive returns for small investors entering the multi-family space.
Development Pipeline
Over 2,500 new multi-family units are in various stages of planning and development, primarily concentrated in Clermont, Leesburg, and the Mount Dora area. This new supply will be absorbed over the next 3-5 years given current demand trends.
Appraisal Services
ROI Home Services provides multi-family appraisals for 2-4 unit properties using both sales comparison and income approaches. For larger properties, we can coordinate with our commercial appraisal partners to ensure accurate valuations.
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