703 PRINCE EDWARD ST Under Contract Save Request In-Person Tour Request Virtual Tour
Fredericksburg,VA 22401
Key Details
Property Type Single Family Home
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 VAFB2006764
Style Craftsman
Bedrooms 5
Full Baths 2
Year Built 1889
Annual Tax Amount $3,465
Tax Year 2022
Lot Size 4,791 Sqft
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
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Exterior
Waterfront N
Water Access N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Fredericksburg City Public Schools
Others
Special Listing Condition Standard
Pets Description No Pet Restrictions