1806 18 Fredericksburg, VA 22401
- Mixed-use properties
- 6,082 SF
- 0.12 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 1806 18
- Year built
- 1914
- Lot size
- 0.12 lot acres
- Property size
- 6,082 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Fredericksburg City
- State
- Virginia
- Longitude
- -77.4686
- Latitude
- 38.3098
