$550,000
$625,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
2,400 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $229
Subdivision None Available
MLS Listing ID VAFB2006764
Sold Date 11/08/24
Style Craftsman
Bedrooms 5
Full Baths 2
HOA Y/N N
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
Rooms
Main Level Bedrooms 2
Interior
Interior Features Kitchen - Table Space
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Furnishings No
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Fredericksburg City Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 7789-13-1937
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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Bought with Gregory D Talley • Buyers Advantage Real Estate of Virginia, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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