UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $517
Subdivision Trotters Rep
MLS Listing ID O6405857
Bedrooms 2
HOA Y/N No
Year Built 1942
Annual Tax Amount $5,764
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Triplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Orange
Community Trotters Rep
Area 32789 - Winter Park
Zoning R-2
Rooms
Other Rooms Attic
Interior
Interior Features Ceiling Fans(s)
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Fireplaces Type Other, Wood Burning
Fireplace true
Appliance Dishwasher, Dryer, Range, Refrigerator, Washer
Laundry Common Area, Inside, Outside
Exterior
Exterior Feature Fence, Sidewalk, Storage
Parking Features Common, Driveway, Off Street
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Street Brick
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Audubon Park K8
Middle Schools Audubon Park K-8
High Schools Winter Park High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6405857
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Jon Penny
Team Leader-Broker Associate | License ID: BK3055942
Team Leader-Broker Associate License ID: BK3055942