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

  703 Prince Edward Street Fredericksburg, VA 22401

Pending (23 Days)
$625,000
5
BED
2
BATH
2,400
SQFT

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 #:
VAFB2006764
Taxes
$3,465(2022)
Lot Size
4,792 SQFT
Type
Single-Family Home
Year Built
1889
Style
Craftsman
School District
Fredericksburg City Public Schools

Listed By

Allison Graves, Coldwell Banker Elite
Heather O'Neill, Coldwell Banker Elite
Source
BRIGHT IDX
Last checked Oct 7 2024 at 5:02 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Kitchen - Table Space
Subdivision
  • None Available
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Brick/Mortar
Heating and Cooling
  • Hot Water
  • Window Unit(s)
Exterior Features
  • Composition
Utility Information
  • Sewer: Public Sewer
  • Fuel: Other
Stories
  • 2
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
Down payment
%
Interest rate
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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 IDX. 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 10:02