VanessaBarbosa
BEDS2
BATHS
SQUARE FEET1,440
MLS#O6405857
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTROTTERS REP
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,764
Year Built: 1942
Amenities
Ceiling Fans(s)
Fence
Sidewalk
Storage
Feature Descriptions
Additional Rooms: Attic
Annual Net Income: 32936.00
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Days on Site: 1
Directions: Pennsylvania to East on Holt. Parking available on the street, do not park in driveway please.
Exterior: Block
Fireplace: Other, Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Ceramic Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: City Limits, Street Brick
Lot Dimensions: 0.11
Other Structures: Storage
Ownership: Fee Simple
Parking: Common, Driveway, Off Street
Parking Notes: Common, Driveway, Off Street
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: R-2
Local Schools
High School: Winter Park High
Middle School: Audubon Park K-8
Elementary School: Audubon Park K8
Listed By / Shown By
Listed By
Agency Name: THE REAL ESTATE PRINCIPLE, INC
Agency Contact: 407-739-7209
Shown By
Agent Name: Vanessa Barbosa
Agent Phone: Cell: (954) 695-3936
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 2,355.67 per month $1,658.05 Principal & Interest $480.33 Property Tax $217.29 Homeowner's InsuranceChange Payment Information
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408 Holt Avenue | MLS# O6405857
This multi-family property located at 408 Holt Avenue , Winter Park, FL 32789 is currently listed for sale with an asking price of $745,000. Search Winter Park real estate on vbarbosa.realty100.com today.