$ 849,900
-
$849,900
Price -
5
Bed -
0
Bath -
4,723
SqFt
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About the Listing PFED8 - 3095014
INVESTOR SPECIAL in the heart of Fredericksburg! Exceptional income-producing opportunity just two blocks from the University of Mary Washington and minutes from Mary Washington Hospital, Central Park shopping, and the Cowan Boulevard retail corridor. This unique multifamily property is currently configured as a triplex with the potential for up to five rental units depending on your investment strategy and occupancy plan. Whether you're looking to expand your rental portfolio, create student housing, pursue mid-term rentals for medical professionals, or maximize cash flow through multiple income streams, this property offers tremendous upside. Main House: 2 Bed 1 Bath Upstairs: 1 Bed 1 Bath Basement: (2) 1 Bed 1 Bath Rear Building: 2 Bed 1 Bath Recent improvements include three new HVAC systems, a new water heater, all-new luxury vinyl plank flooring throughout, and updated drywall replacing the original wood paneling. Electrical upgrades have been started, including installation of a new service panel; however, work was not completed and will require permits and completion by the new owner. Conveniently located near dining, shopping, healthcare facilities, and major commuter routes, this property is ideally positioned to attract tenants year-round. Property is being sold strictly AS IS. Buyer to perform all due diligence regarding zoning, unit count, permits, and intended use. Don't miss this rare value-add multifamily opportunity in one of Fredericksburg's most desirable rental markets!
Listing Highlights
Status
Active
Days on Site
21
Property Type
Multi-Family
MLS ®
VAFB2010398
Year Built
1949
Total Square Footage
4,723
Lot/Acreage
0.01
County
Fredericksburg City
Neighborhood
College Heights
School District
Fredericksburg City Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3073
- Below Ground Sq Ft: 1650
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: R4
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $4,653
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1318 Dandridge St Fredericksburg, VA 22401
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