CHARIS REALTY GROUP

Craftsman

703 PRINCE EDWARD STREET

FREDERICKSBURG , VA 22401

MLS#: VAFB2006764

$625,000

Status: Closed
Listing number: VAFB2006764
Listing provided by: Coldwell Banker Elite
Listing agent phone: None
Last update: 1 year, 3 months ago
On site: 1 year, 5 months ago
Browse Properties
NONE AVAILABLE - Residential

Property

Beds

5

Full Baths

2

1/2 Baths

None

Year Built

1889

Sq.Footage

2,400

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!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    2

  • Above Grade Finished Area

    2400.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Hot Water

  • Main Level Bedrooms

    2

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Craftsman

Price

  • Sales Price

    $625,000

  • Tax Amount

    $3,465

  • Sq. Footage

    2, 400

  • Price/SqFt

    $260

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Brick/Mortar

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    296

  • Water Source

    Public

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FREDERICKSBURG CITY

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Listing Courtesy of Allison S Graves , Coldwell Banker Elite

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Agent Andrew Boateng

AGENT

Andrew Boateng

Call Andrew today to schedule a private showing.

(571) 342-1160

andyselldreamhomes@hotmail.com


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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-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!

703 PRINCE EDWARD STREET

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