2915 Formosa Avenue

Description

Tired of paying rent? Owning this duplex will cost you less than renting a 2 bedroom apartment while helping you build equity. With as little as 3.5 down as a first-time buyer, your monthly cost could be around $2,000based on a lender's quote we already have. Rent from one unit can help cover your mortgage: 2915 is leased at $1,750/month until July 2025 then should adjust to market which is about $2,000 a month, while 2913 is on a month-to-month lease at $2,000/month. Reach out for an excel breakdown of how affordable owning this property is. This property used to be owner-occupied so they spared no expense in upgrading both sides. Unit 2913 has been extensively renovated with granite countertops, stainless steel appliances, tiled floors, and a beautiful rainfall walk-in shower. Unit 2915 received high-quality updates as well, including a newer AC unit installed a couple of years ago. Both units are bright, spacious, and move-in ready. The backyard has been cleared of some trees for more usable space and to protect the property long term of outgrown roots and more. The right-side carport is Tesla charger-ready. The location? Hard to beat. It's just 1 property from Matthews Park and close to essentials like Publix, Starbucks, and local restaurants. You can bike, walk, or drive to nearby hotspots, and College Park's charm and professional community make it a desirable place to call home. If you're ready to stop wasting money on rent and start building your future, this duplex is ready for you. Live in one unit, rent out the other, and make the numbers work in your favor. Let's make it happen, please reach out to us today for more details!