1360 Formosa Avenue, WINTER PARK, FL

$625,000

Previous Next

3

Beds

3

Baths

1,890

Square feet

0.11

Acres

About 1360 Formosa Avenue

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.

Features of 1360 Formosa Avenue

MLS® # O6292751
Price $625,000
Bedrooms 3
Bathrooms 3.00
Square Footage 1,890
Acres 0.11
Year Built 1949
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 1360 Formosa Avenue
Area Winter Park
Subdivision PINES
City WINTER PARK
County Orange
State FL
Zip Code 32789-5331

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ninguno, Other
Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Features Fenced, Other
Roof Membrane
Foundation Crawlspace, Slab

School Information

Elementary Princeton Elem
Middle College Park Middle
High Edgewater High

Additional Information

Date Listed March 24th, 2025
Days on Market 193
Zoning R-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTOP FLORIDA HOMES

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?