Under contract-accepting backup offers. 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… Read More a cash-flowing asset, but 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
286
Last Updated
Property Type
Triplex
Beds
3
Square Ft.
1,890
Lot Size
0.11 Acres
Year Built
1949
MLS Number
O6292751
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1949, Living area: 1890, Living area units: Square Feet, Levels: One, Construction Materials: Block
Cooling
Central Air
Exterior Features
Fence
Floors
Wood
Foundation
Crawlspace, Slab
Heating
Central
Income
Gross Income: $46,500
Interior Features
Ninguno
Laundry
Outside
Lot
0.11 acres
Parking
1 carport space
Roof
Membrane
Sewer
Septic Tank
Taxes
Additional parcels description:, Parcel Number: 12-22-29-7096-02-250, Public Survey Range: 29, Public Survey Section: 12, Annual Amount: $8,350, Tax Block: B, Tax Book Number: H-14, Legal Description: THE PINES H/14 LOT 25 (LESS W 10 FT IN ST) BLK B, Lot: 25, Year: 2024, Zoning: R-2
Tenant Pays
Electricity
Utilities
Electricity Available, Water Available, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be 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.
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