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… Read More 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. Read Less
Courtesy of THE REAL ESTATE PRINCIPLE, INC 407-739-7209
Listing Snapshot
Days Online
0
Last Updated
Property Type
Triplex
Beds
2
Square Ft.
1,440
Lot Size
0.11 Acres
Year Built
1942
MLS Number
O6405857
Additional Details
Property Access
Road Surface: Brick
Appliances & Equipment
Dishwasher, Dryer, Range, Refrigerator, Washer
Building
Built in 1942, Living area: 1440, Living area units: Square Feet, Levels: One, Construction Materials: Block
Cooling
Wall/Window Unit(s)
Exterior Features
Fence, Sidewalk, Storage
Fireplaces
Wood Burning
Floors
Ceramic Tile
Foundation
Slab
Heating
Ductless
Income
Gross Income: $47,700
Interior Features
Ceiling Fans(s)
Laundry
Common Area, Inside, Outside
Lot
0.11 acres, City Limits, Street Brick
Parking
1 carport space, Common, Driveway, Off Street
Pets Policy
Allowed: Yes
Property
Other structures: Storage
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 07-22-30-8760-00-011, Public Survey Range: 30, Public Survey Section: 07, Annual Amount: $5,764.82, Tax Block: 00/00, Tax Book Number: J-58, Legal Description: TROTTERS REPLAT J/58 THE N 122 FT OF E 40 FT OF LOT 1, Lot: 1, Year: 2025, Zoning: R-2
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Water Source: Public
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