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For sale
  • $625,000

    1360 Formosa Ave, Winter Park, FL 32789

    2beds
    2baths
    1,890sqft
    : 
    Triplex, Multi Family
    Built in 1949
    -- sqft lot
    $577,200 Zestimate®
    $331/sqft
    $-- HOA

    What's special

    Enhanced curb appealCorner lotCorner lot location
    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.
    153 days
    on Zillow
    |
    220
    |
    13
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 07, 2025 at 03:15pm

    Listing Provided by:

    Salvison Dickson 347-388-2308,

    TOP FLORIDA HOMES 855-919-0458,

    Philip Kolbrich 321-287-3913,

    TOP FLORIDA HOMES

    Source: Stellar MLS,MLS#: O6292751MLS LogoOriginating MLS: Orlando Regional

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1360 Formosa Ave.

    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Outside
    Features
    • None, Other
    • Flooring: Hardwood
    • Has fireplace: No
    Interior area
    • Total structure area: 2,236
    • Total interior livable area: 1,890 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 1
    • Parking features: Carport
    • Carport spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Other
    • Fencing: Fenced
    Lot
    • Size: 4,803 Square Feet
    Details
    • Parcel number: 122229709602250
    • Zoning: R-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Block
    • Foundation: Crawlspace, Slab
    • Roof: Membrane
    Condition
    • New construction: No
    • Year built: 1949

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    Community
    • Subdivision: PINES
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Winter Park

    Financial & listing details

    • Price per square foot: $331/sqft
    • Tax assessed value: $476,387
    • Annual tax amount: $8,350
    • Date on market: 3/24/2025
    • Listing terms: Cash,Conventional,Other
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 0
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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