1360 FORMOSA AVE, WINTER PARK, FL, 32789
$625,000
Residential Income
Bedrooms
3
Bathrooms
3
Living Area
1,890 Sqft
Lot Size
4,803 Sqft
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 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.
Property Details
Property Features Property Features
MLS ID: MFRO6292751 Year Built: 1949
Construction Materials: Block Cooling: Central Air
Country: US County Or Parish: Orange
Exterior Features: Fence, Other Flooring: Wood
Foundation Details: Crawlspace, Slab Heating: Central
Laundry Features: Outside Lease Term: Twelve Months
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, Other Occupant Type: Tenant
Property Sub Type: Triplex Property Type: Residential Income
Road Surface Type: Asphalt Roof: Membrane
Sewer: Septic Tank Showing Requirements: Appointment Only, Listing Agent Must Accompany, See Remarks, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity
Utilities: Electricity Available, Water Available Water Source: Public
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