Advice on Duplexes in Florida

[Brandon T.]

Hey everybody! I could use some advice from those of you who are boots on the ground in Florida. I appreciate any replies in advance!

I'm planning a move to Florida and I'm trying to figure out if there's any cities I could pick up a side by side fixer duplex for ~140k (or ideally less) in a B to C neighborhood. Is that even realistic at this time? I understand the competition is hot in Florida and multi families are priced really high right now.

I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..

I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

[Tyler Gibson]

Originally posted by @Brandon T.:

Hey everybody! I could use some advice from those of you who are boots on the ground in Florida. I appreciate any replies in advance!

I'm planning a move to Florida and I'm trying to figure out if there's any cities I could pick up a side by side fixer duplex for ~140k (or ideally less) in a B to C neighborhood. Is that even realistic at this time? I understand the competition is hot in Florida and multi families are priced really high right now.

I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..

I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

 Unfortunately this price point is likely not available in most of the Florida market at this point. I did have one client pick up a side-by-side duplex in lake Wales Florida earlier this year for less than $140,000 but prices have really gone up since then.