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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.
| DAYS ON MARKET | 268 | LAST UPDATED | 3/24/2025 |
|---|---|---|---|
| TRACT | PINES | YEAR BUILT | 1949 |
| COMMUNITY | 32789 - Winter Park | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Princeton Elem |
|---|---|
| Jr. High School | College Park Middle |
| High School | Edgewater High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32789 - Winter Park |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Block |
| EXTERIOR | Other |
| HEAT | Central |
| INTERIOR | Other |
| LOT | 4792 sq ft |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | PINES |
| TAXES | 8350 |
| UTILITIES | Electricity Available, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Salvison Dickson, TOP FLORIDA HOMES, 321-287-3913
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/16/25 1:16 PM PST.
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