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1360 FORMOSA AVENUE

Multi-family For Sale
$625,000

BTC: 7.23798494

ETH: 213.60218729

277 days
3 bds
1,890 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1949
Lot:
0.11 Acres
Heating:
Central
Price/sqft:
$331
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ninguno

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Fenced / Other

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 122229709602250

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $8,350

  • Source details

    • MLS ID: O6292751

    Other facts

    • Construction Materials: Block

    • Foundation Details: Crawlspace / Slab

    • Laundry Features: Outside

    • Living Area: 1890

    • Water Source: Public

    • Subdivision Name: PINES

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TOP FLORIDA HOMES