CHARIS REALTY GROUP

Other

1318 DANDRIDGE STREET

FREDERICKSBURG, VA 22401

MLS#: VAFB2010398

$849,900

Status: Active
Listing number: VAFB2010398
Listing provided by: Berkshire Hathaway HomeServices PenFed Realty
Listing agent phone: None
Last update: 27 days ago
On site: a month ago
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COLLEGE HEIGHTS - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1949

Sq.Footage

4,723

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!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3073.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Vinyl Siding

  • Parking

    Driveway

  • Pool

    Yes

  • Pool Features

    Private

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.01

  • Lot Size(square feet)

    453

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $849,900

  • Tax Amount

    $4,653

  • Financing Options

    Cash, Conventional, Other

  • Sq. Footage

    4,723

  • Price/SqFt

    $179

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Permanent

  • Sewer

    Public Sewer

  • Tax Lot

    6

  • Water Source

    Public

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Listing Courtesy of Amit Lall , Berkshire Hathaway HomeServices PenFed Realty

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Agent Laurie Hailey

AGENT

Laurie Hailey

Call Laurie today to schedule a private showing.

(703) 955-1755

laurie@isellnorthernvirginia.com


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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!

1318 DANDRIDGE STREET

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Related Properties

Rare opportunity in the City of Fredericksburg. Three single family home lots which include two existing homes in Fredericksburg Historic District. The sale of 309 Prince Edward will include both lots and existing homes on 307 Prince Edward and 311 Prince Edward. All 3 lots can be developed at the same time in order to reduce development costs. Three adjacent lots with 2 historic structures in sought after Historic District. Opportunity for Three 2-car garages with off-street parking in downtown Fredericksburg. Less than 2 blocks from the train station, restaurants, and shops of Old Town Fredericksburg. This listing includes 307, 309 and 311 Prince Edward Street, even though it is listed under 309 Prince Edward. Proposed plans for the development of the 3 lots are shown in the photos. Plans include 3 - two car garages (one 2-car garage for each lot) and also has options for ADU's in each lot upon approval. This opportunity almost never comes along. Properties sold together. VARIANCE GRANTED a variance from the Board of Zoning Appeals to allow to build up to the side lot line between 307 and 309 & 309 and 311 to build an accessory structure on 309 Prince Edward where no principal residence now exists, and to exceed the height limitations by an additional 2 feet. Applicant to honor all building lines between Applicant's property and neighboring properties to include side and rear lot lines.
#VAFB2008852

FREDERICKSBURG

309 PRINCE EDWARD STREET

6 Beds

None Baths

2,550 Sq.Ft.

$900,000

MLS#: VAFB2008852

- property

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