WINTER PARK, FL 32789

Property

Ownership: Fee Simple
Type: Unknown
Bedrooms: 2 BR
Bathrooms: 3
Pets: Pets Allowed
Lot Size: 0.1 Acres

Financials

Price:$745,000
Annual Taxes:$5,764.82
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of THE REAL ESTATE PRINCIPLE, INC

Rare investment opportunity in the heart of Winter Park Rollins College area.

Description

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.

Amenities

  • Bb Hs Internet Available
  • Cable - Available
  • Ceiling Fans(S)
  • City Limits
  • Dishwasher
  • Dryer
  • Electricity Connected
  • Fence
  • Other
  • Range
  • Refrigerator
  • Sidewalk
  • Storage
  • Street Brick
  • Washer
  • Wood Burning

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.