Discover a rare and lucrative opportunity at 1360 Formosa Ave, a corner lot triplex in the highly sought-after Winter Park market. This income-generating property features three fully rented one-bedroom, one-bathroom units, providing a strong and steady return on investment. With 100% occupancy, this property is already a cash-flowing asset, but… Read More its value-add potential makes it even more enticing for savvy investors seeking long-term gains. The triplex sits in a prime location just minutes from Rollins College, Full Sail University, and downtown Orlando, making it highly attractive to a consistent pool of tenants. The property's proximity to major employers, boutique shopping, and popular dining options on Park Avenue ensures ongoing rental demand and future appreciation. What makes this investment even smarter is Winter Park’s limited inventory and high property values, driven by its historic charm, excellent schools, and vibrant lifestyle. With steady property appreciation, investing in a multifamily property here offers the potential for significant equity growth. Additionally, the value-add opportunities are abundant. Whether through cosmetic upgrades, improved landscaping, or adding modern amenities, this triplex has room to increase rental income and maximize ROI. Winter Park’s strong rental market makes this property a low-risk, high-reward investment. The area boasts low vacancy rates and increasing rental prices, offering reliable cash flow. Plus, the property's corner lot location provides the potential of enhanced curb appeal and the potential for future development or expansion. This is more than just an income-generating property—it’s an opportunity to invest in a growing, high-demand market with long-term stability. Whether you're looking to expand your portfolio or secure a foothold in Winter Park's thriving real estate market, 1360 Formosa Ave is a rare find with exceptional potential. Read Less
Courtesy of TOP FLORIDA HOMES 855-919-0458
Listing Snapshot
Days Online
1
Last Updated
Property Type
Triplex
Beds
3
Square Ft.
1,890
Lot Size
0.11 Acres
Year Built
1949
MLS Number
O6292751
30 Days Snapshot Of 32789
$1,252k
-15%
(avg) sold price
37
-9%
homes sold
72
+18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Meters: 175.59, Total Number of Buildings: 1, Unit Count: 2, Building Area Total: 2236, Building Area Units: Square Feet, Construction Materials: "Block", Levels: "One", Living Area: 1890, Number Of Units Total: 3, Year Built: 1949
Lot
Lot Size Square Meters: 446, Total Acreage: 0 to less than 1/4, 0.11 acres, 4803 square feet
Property Access
Road Surface: "Asphalt"
Cooling
Cooling: "Central Air"
Exterior Features
Exterior Features: "Fence", "Other"
Floors
Flooring: "Wood"
Foundation
Foundation Details: "Crawlspace", "Slab"
Heating
Heating: "Central"
Income
Gross Income: 46500
Interior Features
Interior Features: "Ninguno", "Other"
Laundry
Laundry Features: "Outside"
Parking
Carport Spaces: 1
Property
Zoning: R-2
Roof
Roof: "Membrane"
Sewer
Sewer: "Septic Tank"
Utilities
Utilities: "Electricity Available", "Water Available", Water Source: "Public"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.