WINTER PARK, FL 32789 1360 FORMOSA AVENUE
$625,000



21 more






















Presented By: TOP FLORIDA HOMES with 855-919-0458. - 321-287-3913
Home Details
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.
Presented By: TOP FLORIDA HOMES with 855-919-0458. - 321-287-3913
Interior Features for 1360 FORMOSA AVENUE
Bedrooms
Total Bedrooms3
Bathrooms
Total Baths3
Other Interior Features
LivingAreaSourceappraiser
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringhardwood
Heating Y/NYes
Interior Amenitiesninguno, other
Laundry Featuresoutside
General for 1360 FORMOSA AVENUE
Additional Parcels Y/NNo
Attached Garage No
Building Area Unitssquare feet
Carport Spaces1
Carport Y/NYes
Citywinter park
Construction Materialsblock
Coolingcentral air
Countyorange
Directionshead southeast, merge onto i-4 w, use the right lane to take exit 85 for princeton st, turn right onto fl-438 n/princeton st, turn right onto formosa ave, property will be on the right.
Elementary Schoolprinceton elem
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income46500
HOANo
Heatingcentral
High Schooledgewater high
Land Lease Y/NNo
Legal Descriptionthe pines h/14 lot 25 (less w 10 ft in st) blk b
Levelsone
Listing Termscash, conventional, other
Living Area Unitssquare feet
Lot Size Square Feet4803
Lot Size Unitssquare feet
MLS Area32789 - winter park
Middle/Junior High Schoolcollege park middle
ModificationTimestamp2025-03-25t17:28:14.887z
New ConstructionNo
Number Of Units Total3
Occupancy Typetenant
Ok to Lease12 months
Ownershipfee simple
Property Subtypetriplex
Property Typeresidential income
Roofmembrane
Senior Community Y/NNo
Sewerseptic tank
Standard Statusactive
Statusactive
Subdivision Namepines
Tax Annual Amount8350
Tax Lot25
Tax Year2024
Tenant Payselectricity
Utilitieselectricity available, water available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1949
Zoningr-2
Exterior for 1360 FORMOSA AVENUE
Building Area Total2236
Covered Spaces1
Exterior Amenitiesfenced, other
Foundation Detailscrawlspace, slab
Lot Size Acres0.11
Lot Size Area4803
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Additional Details
Price History
Schools
High School
Edgewater High
Middle School
College Park Middle
Elementary School
Princeton Elem

Paolo Crepaldi
Realtor