Fredericksburg, VA 22401,703 PRINCE EDWARD ST
Fredericksburg, VA 22401,703 PRINCE EDWARD ST
Fredericksburg, VA 22401,703 PRINCE EDWARD ST
$550,000
Est. payment /mo
$625,000
12.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5 Beds
2 Baths
2,400 SqFt
SOLD DATE : 11/08/2024

Key Details

Sold Price $550,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $229

Subdivision None Available

MLS Listing ID VAFB2006764

Sold Date 11/08/24

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

Water Access N

Accessibility None

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 Allowed No Pet Restrictions

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Allison S Graves • Coldwell Banker Elite
Bought with Gregory D Talley • Buyers Advantage Real Estate of Virginia, LLC

GET MORE INFORMATION

Irma Rodriguez

+1(302) 357-1823

Agent

Agent

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.