1360 Formosa Avenue, WINTER PARK, FL

$625,000

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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
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Listing Details

OfficeTOP FLORIDA HOMES

Listing Map

Neighborhood Information for 1360 Formosa Avenue

Stable Population, Moderate Residential Turnover

Weather

Highs


January 71.80℉
July 92.20℉

Lows


January 72.60℉
July 72.60℉
rain icon

Precipitation


48.35

Statistics

Number of Listings

Population Age

Home Listings Prices

Nearby Schools

Great Schools School Name Distance  
Great School

The Parke House Academy

Private - Preschool to 5Th Grade - Closest Elementry School
0 Miles
Great School

Circle Christian School

Private - Kindergarten to 12Th Grade
1 Miles
Great School

Orlando Junior Academy

Private - Preschool to 8Th Grade - Closest Middle School
1 Miles
Great School

The Academy Of Ability

Private - to
1 Miles
Great School

Killarney Elementary School

Public - Kindergarten to 5Th Grade
1 Miles
Great School

Edgewater High School

Public - 9Th Grade to 12Th Grade - Closest High School
1 Miles
Great School

Morning Star Catholic School

Catholic - to
1 Miles

School data provided by GreatSchools

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