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Kay Gissy

kay.gissy@engelvoelkers.com +1(407) 326-4305

$ 649,900

Est. payment -/mo

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2915 FORMOSA AVE Orlando, FL 32804

1,916 SqFt

UPDATED:

01/07/2025 03:52 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,916 sqft

Price per Sqft $339

Subdivision Piney Woods

MLS Listing ID TB8335479

HOA Y/N No

Originating Board Stellar MLS

Year Built 1968

Annual Tax Amount $7,353

Lot Size 7,840 Sqft

Acres 0.18

Property 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 $2,000—based 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!

Location

State FL

County Orange

Community Piney Woods

Zoning R-2A/T/W

Interior

Interior Features Other

Heating Central

Cooling Central Air

Furnishings Unfurnished

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Fence, Sidewalk

Parking Features Circular Driveway, Covered, Driveway, Electric Vehicle Charging Station(s), Ground Level

Utilities Available Public

Roof Type Shingle

Attached Garage false

Garage false

Private Pool No

Building

Entry Level One

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Princeton Elem

Middle Schools College Park Middle

High Schools Edgewater High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by CHARLES RUTENBERG REALTY INC

Kay Gissy

+1(407) 326-4305

GET MORE INFORMATION