1360 Formosa Avenue, WINTER PARK, FL 32789
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by:salvison dickson
Office:top florida homes
MLS#:O6292751
Source:MFRMLS
Price summary
- Price:$625,000
- Price per sq. ft.:$279.52
About this home
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.
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Home facts
- Year built:1949
- Listing Id #:O6292751
- Added:143 day(s) ago
- Updated:August 14, 2025 at 11:58 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Living area:1,890 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Membrane
- Year built:1949
- Building area:1,890 sq. ft.
- Lot area:0.11 Acres
Schools
- High school:Edgewater High
- Middle school:College Park Middle
- Elementary school:Princeton Elem
Utilities
- Water:Public, Water Available
- Sewer:Septic Tank
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$279.52
- Tax amount:$8,350 (2024)
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