1806 18Fredericksburg, VA 22401

Property Details for 1806 18

Year built

1914

Lot size

0.12 AC

Property size (Sq ft)

6,082 SF

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property in vibrant downtown Fredericksburg, VA, presents a compelling investment opportunity. Located at 1806 Fall Hill Avenue, this 6,082 square foot building sits on a 0.12-acre lot and offers a blend of residential and commercial space. The complex comprises four residential apartments and a sizable retail space (approximately 1500 square feet). The residential units consist of two 2-bedroom, 1-bathroom apartments (one at 1802 Fall Hill Ave and one at 1804 Fall Hill Ave), and two units within 1806 Fall Hill Ave: a 2-bedroom, 1-bathroom apartment and a 3-bedroom, 1-bathroom apartment. All apartments except for the unit at 1802 Fall Hill Ave have undergone significant renovations within the last three years, resulting in modern and attractive living spaces for tenants. The property boasts a 100% occupancy rate, providing immediate and consistent cash flow. Its strategic location offers unparalleled convenience, being just minutes away from the Fredericksburg Train Station, FRED Regional Transit Bus Station, Mary Washington Hospital, the University of Mary Washington, and the Fredericksburg Central Parke Shopping Area. This turnkey investment is ideal for those seeking a stable, high-return property in a thriving urban setting. The asking price is $1,200,000.

Location Insight

City

Fredericksburg

County

Fredericksburg City

State

Virginia

Latitude

38.3098

Longitude

-77.4686

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