Keller Williams Legacy Realty - Marie Napoleon
1/26
Listing Courtesy Of: TOP FLORIDA HOMES, 321-287-3913, Salvison Dickson
Local Realty Services Provided By: Keller Williams Winter Park
Overview
What It'll Cost
Neighborhood
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$625,000
1360 FORMOSA AVENUE, WINTER PARK, FL 32789
3 Beds
3 Baths
1,890 sq ft
.11 ac
$625,000

1360 FORMOSA AVENUE, WINTER PARK, FL 32789

Estimation provided by Keller Williams Realty Inc.
3 Beds
3 Baths
1,890 sq ft
.11 ac
Active
For Sale
Virtual Tour

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

Property Details

Compare This Home
Overview
Property Type
Triplex
Property Size
1,890 sq ft
Year Built
1949
Days on Site
9 Days
HVAC
Central Air, Central
Parking
No
Marie Napoleon at Keller Williams Legacy Realty
Keller Williams Legacy Realty
SL3582149

Activity History

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Purchase Price: $625,000
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Price & Tax History

Date
Event
Price
03/24/2025
Listed
$625,000
(+27.55%)
03/25/2022
Sold
$490,000
(+63.88%)
04/06/2006
Sold
$299,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$7,243
(+78.88%)
$412,309
Land 175,000 + Additions 237,309
2021
$4,049
(+17.41%)
$223,946
Land 101,900 + Additions 122,046
2018
$3,449
(+10.34%)
$228,280
Land 101,900 + Additions 126,380
2017
$3,126
(+9.92%)
$192,918
Land 60,000 + Additions 132,918
2016
$2,843
$165,383
Land 50,000 + Additions 115,383
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Marie Napoleon at Keller Williams Legacy Realty
Keller Williams Legacy Realty
SL3582149

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