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First Heritage Realty Alliance

fhra@firstheritagerealty.com +1(267) 525-7900

$ 625,000

Est. payment -/mo

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Under Contract

703 PRINCE EDWARD ST Fredericksburg, VA 22401

5 Beds

2 Baths

2,400 SqFt

UPDATED:

10/03/2024 07:17 PM

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

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

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

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 Description No Pet Restrictions

Listed by Allison S Graves • Coldwell Banker Elite

First Heritage Realty Alliance

+1(267) 525-7900

First Heritage Realty Alliance

703 PRINCE EDWARD ST Fredericksburg, VA 22401

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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703 PRINCE EDWARD ST