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Under Contract

703 PRINCE EDWARD ST Fredericksburg, VA 22401

2,400 SqFt

UPDATED:

10/03/2024 07:23 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $260

Subdivision None Available

MLS Listing ID VAFB2006760

Style Victorian

Abv Grd Liv Area 2,400

Originating Board BRIGHT

Year Built 1889

Annual Tax Amount $3,465

Tax Year 2022

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Welcome to 703 Prince Edward Street, a charming duplex located in the heart of historic downtown Fredericksburg, offering both investment potential and residential appeal. Zoned CD (Commercial Downtown), this property is currently configured as two units: a 2-bedroom on the main level and a 3-bedroom on the upper floors, generating $2,800 in monthly rental income from long-term tenants, with leases and deposits to be assigned to the purchaser at settlement. Buyers can explore various options, from continuing its use as an investment property to converting it back into a single-family home or even living in one unit while renting out the other. The property holds great potential for value-add improvements, making it a versatile opportunity for investors or homeowners. Located in a vibrant, community-centered town, residents enjoy easy access to restaurants, boutique shopping, craft and farmers markets, and year-round cultural events. Commuters benefit from proximity to the VRE, Amtrak, and I-95, offering convenient access to Washington D.C., Northern Virginia, and Richmond. Embrace the benefits of living in a historic town with a rich sense of community, while also tapping into Fredericksburg?s strong rental market. This is an exceptional chance to own a piece of history and make it your own. Don?t miss out on this opportunity?schedule your showing today!

Location

State VA

County Fredericksburg City

Zoning CD

Interior

Interior Features Ceiling Fan(s), Carpet, Crown Moldings, Bathroom - Tub Shower, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Galley, Wood Floors

Hot Water Electric

Heating Hot Water

Cooling Window Unit(s), Ceiling Fan(s)

Flooring Wood, Vinyl, Tile/Brick, Carpet

Fireplaces Number 5

Equipment Refrigerator, Stove

Fireplace Y

Appliance Refrigerator, Stove

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Waterfront N

Water Access N

Roof Type Metal

Accessibility None

Porch Porch(es)

Parking Type On Street

Garage N

Building

Lot Description Level

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Victorian

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Plaster Walls

New Construction N

Schools

Elementary Schools Call School Board

Middle Schools Walker-Grant

High Schools James Monroe

School District Fredericksburg City Public Schools

Others

Tax ID 7789-13-1937

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Heather A O'Neill • Coldwell Banker Elite

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703 PRINCE EDWARD ST Fredericksburg, VA 22401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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703 PRINCE EDWARD ST