$625,000
3 Bed
3 Bath
1,890 Sqft
0.11 Acre Lot

1360 Formosa Ave, Winter Park, Florida 32789

  • Residential Income Property Type
  • 1,890 Sqft Square Footage
  • 1949 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
O6292751
$625,000
3
3
1,890 Sqft
1949
0.11 Acre
Active
Triplex
: Membrane
Features
: Central
: Central Air
: Other, Fence
: Wood
: Ninguno, Other
: Outside
: Septic Tank
: Electricity Available, Water Available
1
Address Map
US
FL
Orange
Winter Park
PINES
32789
FORMOSA
1360
AVENUE
W82° 37' 22.3''
N28° 35' 5.4''
Head 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.
32789 - Winter Park
R-2
Neighborhood
Princeton Elem
Edgewater High
College Park Middle
Additional Info
TOP FLORIDA HOMES
Salvison Dickson
$0
$0
Additional Information
: Block
: Slab, Crawlspace
: One
3
2025-03-24
https://www.propertypanorama.com/instaview/stellar/O6292751
: Public
2236
Financial
8350
Listing Information
272508709
261018893
Cash,Conventional,Other
Active
2025-10-16T15:20:10Z
Stellar
: None
2025-03-24T17:04:28Z
Philip Kolbrich
261219579
261018893
TOP FLORIDA HOMES
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Contact Agent
Contact Us
407-615-0866