Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1942
Sq.Footage
1,440
Rare investment opportunity in the heart of Winter Park/Rollins College area. This turnkey, fully renovated triplex is located within one of Winter Park’s highest-demand rental corridors, just steps from Rollins College, Park Avenue, and Lake Virginia. The property features three separate 1-bedroom, 1-bath units, each with its own private outdoor patio area, positioned on a charming brick street in one of Winter Park’s most walkable and desirable neighborhoods. The asset is being delivered with strong in-place cash flow. Current rents provide additional value-add potential, with at least one unit currently operating below market rental rates, creating an opportunity for future income growth and increased returns. The block construction property has undergone significant capital improvements, including updated electrical panels (2019), new hot water heater (2019), new windows (2017), and a new roof (2015). Two of the three units were completely renovated in 2019, offering updated interiors while maintaining the charm and character of the surrounding neighborhood. The front unit includes washer/dryer hookups, while the middle and rear units share a common exterior-access washer/dryer area. Utilities are currently included in the rent and have been factored into annual operating expenses. This is a rare opportunity to acquire a stabilized multifamily asset with strong rental demand driven by proximity to Rollins College, downtown Park Avenue, dining, shopping, and employment centers throughout Winter Park.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Ductless
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Storage
-
Parking
Common, Driveway, Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Lot Size(square feet)
4898.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$745,000
-
Tax Amount
$5,764.82
-
Sq. Footage
1, 440
-
Price/SqFt
$517
HOA
-
Association
No
School District
-
Elementary School
Audubon Park K8
-
Middle School
Audubon Park K-8
-
High School
Winter Park High
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
1
-
Water Source
Public
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Location
County
Orange
Elementary School
Audubon Park K8
Middle School
Audubon Park K-8
High School
Winter Park High
Listing Courtesy of Brian Opre , THE REAL ESTATE PRINCIPLE, INC
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