Skip To Content

703 Prince Edward Street

FREDERICKSBURG, VA 22401
  • $625,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • ID#: VAFB2006764
Under Contract
UPDATED: 113 min ago
$625,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1889

School Ratings & Info

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 Fredericksburgs strong rental market. This is an exceptional chance to own a piece of history and make it your own. Dont miss out on this opportunity"schedule your showing today!

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-11T23:52:22.333.
www.jessyoungrealestate.com/homes/155225215
Print Image

703 Prince Edward Street FREDERICKSBURG, VA 22401

  • Price: $625,000
  • Status: Active Under Contract
  • On Site: 26 Days
  • Updated: 113 min ago
  • ID#: VAFB2006764
5
Beds
2
Baths
0
½ Baths
0.11
Acres
2,400
SQFT
$260
$/SQFT
1889
Built
Neighborhood:
None Available
County:
Fredericksburg City
School District:
Fredericksburg City Public Schools
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 Fredericksburgs strong rental market. This is an exceptional chance to own a piece of history and make it your own. Dont miss out on this opportunity"schedule your showing today!
Exterior Features

Architectural Style Craftsman Construction Materials Composition Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2400 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions Tenant's Personal Property will include Ring Doorbell and Tenant's plants/personal items in the yard. Fireplace YN No Furnished No Heating Hot Water Heating YN Yes Interior Features Kitchen - Table Space Levels 2 Main Level Bedrooms 2 Pets Allowed No Pet Restrictions Upper Level1 Bedrooms 2

Property Features

Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Foundation Details Brick/Mortar Heating Fuel Other Hot Water Electric Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 803357867796 Ownership Interest Fee Simple Pets Allowed YN Yes Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3465.00 Tax Lot 296 Vacation Rental YN No Water Source Public Zoning CD

Listing courtesy of Coldwell Banker Elite: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-11T23:52:22.333.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803357867796-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803357867796-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803357867796-2.jpg
Logo
RE/MAX Executive
8432 Veterans Hwy
Millersville MD, 21108