$550,000
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703 Prince Edward Street Fredericksburg, VA 22401
Single Family
Residence
Beds
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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-bedroo...m 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 Fredericksburgâs strong rental market. This is an exceptional chance to own a piece of history and make it your own. Donât miss out on this opportunityâschedule your showing today!
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MLS#
VAFB2006760
Property Type
Single Family
Year Built
1889
Price per Sq. Ft.
$260.42
Lot Size
0.11
Sewer
Public Sewer
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