1360 FORMOSA AVENUE WINTER PARK FL 32789 MLS #O6292751

1360 FORMOSA AVENUE
WINTER PARK, FL, 32789
$625,000
3 Beds
3 Baths
2,236 SqFt
0.11 Acres
Add
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.

Property Details

Price:
$625,000
MLS #:
O6292751
Status:
Active
Beds:
3
Baths:
3
Address:
1360 FORMOSA AVENUE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
PINES
Neighborhood:
32789 – Winter Park
City:
WINTER PARK
Listed Date:
Mar 24, 2025
State:
FL
Finished Sq Ft:
2,236
Total Sq Ft:
2,236
ZIP:
32789
Lot Size:
4,803 sqft / 0.11 acres (approx)
Year Built:
1949
Units:
3
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Elementary School:
Princeton Elem
Middle School:
College Park Middle
High School:
Edgewater High

Interior

Cooling
Central Air
Flooring
Hardwood
Heating
Central
Laundry Features
Outside

Exterior

Construction Materials
Block
Exterior Features
Fenced, Other
Roof
Membrane

Financial

Tax Year
2024
Taxes
$8,350

Map

Community

Similar Listings Nearby

1360 FORMOSA AVENUE
WINTER PARK, FL