FL
Orange
WINTER PARK
32789
1360 FORMOSA AVENUE
1360 FORMOSA AVENUE, WINTER PARK, FL 32789
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Listing Type
Multi Family
Listing Status
active
26
$625,000

Home Details for 1360 FORMOSA AVENUE

Price
$625,000
Type
Residential Income
Bedrooms
3
Bathrooms
3.0
Square feet
1890
Year built
1949
Lot size acres
0.11
County
Orange
Garage
Basement
Crawl Space
Days on site
182
MLS Listing#
O6292751
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.

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Property Features
  • Utilities
    • Electricity Available
    • Water Available
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Other
  • Basement
    • Crawl Space
School Information
School Information for 1360 FORMOSA AVENUE, WINTER PARK, FL 32789
Elementary School
Princeton Elem
Middle School
College Park Middle
High School
Edgewater High
Listing Courtesy: TOP FLORIDA HOMES - 855-919-0458
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the 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 or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-03-25 05:16:10
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EXIT REALTY PREMIER LEGACY
8701 Maitland Summit Blvd Breezeway Suite 1, Orlando, FL 32810
Office
407 951 5001
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