1360 FORMOSA AVE Winter Park, FL 32789
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
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
Year Built 1949
Annual Tax Amount $8,350
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Triplex
Source Stellar MLS
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
Area 32789 - Winter Park
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
NEARBY SCHOOL & BUSINESS
- 10
Independence Elementary School
Public | PK - 5
- 9
Lake Eola Charter
Public | KG - 8
- 9
Hillcrest Elementary School
Public | KG - 5
- 8
Audubon Park School
Public | PK - 8
- 8
Princeton Elementary School
Public | PK - 5
- 7
Nap Ford Community Charter
Public | PK - 5
- 7
Orange County Virtual Franchise
Public | 4 - 12
- 6
Killarney Elementary School
Public | KG - 5
- 5
Lake Silver Elementary School
Public | PK - 5
- 3
Millennia Gardens Elementary School
Public | PK - 5
- 3
Hungerford Elementary School
Public | PK - 5
- 1
Rock Lake Elementary School
Public | PK - 5
- 1
Princeton House Charter
Public | PK - 12
- 1
Lake Weston Elementary School
Public | PK - 5
- 0
The Christ School
Private | KG - KG
- 0
Veritas Academy of Central Florida
Private | KG - 12
- 0
Trinity Lutheran School
Private | PK - 8
- 0
Ocvs Digital Academy
Public | KG - 12
- 0
Orange County Virtual Instruction Program
Public | KG - 12
- 0
Orlando Day Nursery
Private | PK - 1
- 9
Orlando Science Middle High Charter
Public | 6 - 12
- 6
Glenridge Middle School
Public | 6 - 8
- 5
Howard Middle School
Public | 6 - 8
- 5
Central Florida Leadership Academy Charter
Public | 6 - 12
- 4
Lockhart Middle School
Public | 6 - 8
- 2
College Park Middle School
Public | 6 - 8
- 1
Access Charter
Public | 6 - 12
- 0
Addictions Receiving Facility
Public | 7 - 12
- 0
Orange Virtual Instruction (Course Offerings)
Public | 6 - 12
- 0
Silver Star Center
Public | 6 - 12
- 0
La Amistad Educational Center
Private | 6 - 12
- 0
La Amistad Learning Center
Private | 6 - 12
- 4
Edgewater High School
Public | 9 - 12
- 1
Workforce Advantage Academy Charter
Public | 9 - 12
- 0
Orlando Tech
Public | 9 - 12
- 0
Bishop Moore Catholic High School
Private | 9 - 12
- 0
Winter Park Tech
Public | 9 - 12
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