703 Prince Edward Street Fredericksburg, VA 22401
Listing Courtesy of: BRIGHT MLS / Coldwell Banker Elite / Heather O'Neill / Allison Graves

  703 Prince Edward Street Fredericksburg, VA 22401

Pending (23 Days)
$625,000

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!

MLS #:
VAFB2006760
Taxes
$3,465(2022)
Lot Size
4,792 SQFT
Type
Multifamily
Year Built
1889
Style
Victorian
School District
Fredericksburg City Public Schools

Listed By

Heather O'Neill, Coldwell Banker Elite
Allison Graves, Coldwell Banker Elite
Source
BRIGHT MLS
Last checked Oct 7 2024 at 4:01 PM GMT+0000
Bathroom Details
Interior Features
  • Walls/Ceilings: Plaster Walls
  • Walls/Ceilings: Dry Wall
  • Stove
  • Refrigerator
  • Wood Floors
  • Kitchen - Galley
  • Floor Plan - Traditional
  • Family Room Off Kitchen
  • Entry Level Bedroom
  • Bathroom - Tub Shower
  • Crown Moldings
  • Carpet
  • Ceiling Fan(s)
Subdivision
  • None Available
Lot Information
  • Level
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Brick/Mortar
Heating and Cooling
  • Hot Water
  • Ceiling Fan(s)
  • Window Unit(s)
Flooring
  • Carpet
  • Tile/Brick
  • Vinyl
  • Wood
Exterior Features
  • Wood Siding
  • Roof: Metal
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
School Information
  • Elementary School: Call School Board
  • Middle School: Walker-Grant
  • High School: James Monroe
Living Area
  • 2,400 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Bright MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/7/24 09:01