1. Florida
  2. Winter Park
  3. 1360 FORMOSA AVENUE
$625,000

1360 FORMOSA AVENUE, Winter Park, FL 32789

  • 3 beds |
  • 3 baths |
  • 1,890 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $331/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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.

Listing Status:
Active
Date Added:
March 24, 2025 at 05:00AM
Listing Office:
TOP FLORIDA HOMES : 855-919-0458
Listing Agent:
Salvison Dickson : 347-388-2308
MLS ID:
O6292751
  • General: NingunoOther
  • Laundry: Outside
  • Flooring: Hardwood
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Salvison Dickson, TOP FLORIDA HOMES

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Princeton Elementary School

311 W Princeton St, Orlando, FL, 32804

Grades KG-5

0.98 miles away

C

College Park Middle School

1201 Maury Rd, Orlando, FL, 32804

Grades 6-8

1.21 miles away

E

Edgewater High School

3100 Edgewater Dr, Orlando, FL, 32804

Grades 9-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.