1360 FORMOSA AVE Winter Park, FL 32789
3 Beds
3 Baths
1,890 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,890 sqft
Price per Sqft $330
Subdivision Pines
MLS Listing ID O6292751
Bedrooms 3
HOA Y/N No
Originating Board Stellar MLS
Year Built 1949
Annual Tax Amount $8,350
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Triplex
Property Description
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
State FL
County Orange
Community Pines
Zoning R-2
Interior
Interior Features Ninguno, Other
Heating Central
Cooling Central Air
Flooring Wood
Fireplace false
Laundry Outside
Exterior
Exterior Feature Fence, Other
Utilities Available Electricity Available, Water Available
Roof Type Membrane
Attached Garage false
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Princeton Elem
Middle Schools College Park Middle
High Schools Edgewater High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6292751
