4,723 SqFt
4,723 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,723 sqft
Price per Sqft $179
Subdivision College Heights
MLS Listing ID VAFB2010398
Style Other
Abv Grd Liv Area 3,073
Year Built 1949
Annual Tax Amount $4,653
Tax Year 2025
Lot Size 453 Sqft
Acres 0.01
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
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!
Location
State VA
County Fredericksburg City
Zoning R4
Interior
Hot Water Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent
Above Ground Finished SqFt 3073
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Fredericksburg City Public Schools
Others
Tax ID 7779-63-1606
Ownership Fee Simple
SqFt Source 4723
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS