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This property offers excellent opportunities to investors willing to invest in downtown Fredericksburg. It is minutes from Fredericksburg Train Station, FRED Regional Transit Bus Station, Mary Washington Hospital, the University of Mary Washington, and Fredericksburg Central Parke Shopping Area. The complex comprises four residential apartments and a commercial retail space. Building One: 1802 Fall Hill Ave - 2 Bedrooms and 1 bathroom and 1804 Fall Hill Ave - 2 Bedrooms and 1 bathroom Building Two: 1806 Fall Hill Ave, Apt 1 - 2 Bedrooms, and 1 bathroom, 1806 Fall Hill Ave, Apt 2 - 3 Bedrooms, and 1 bathroom, 1806 Fall Hill - Retail Commercial Space - Approx. 1500 Sq ft The complex is currently 100% occupied and offers a secure investment opportunity. Apart from 1802, all apartments have undergone extensive renovations in the last three years, ensuring tenants a modern, attractive living space and a promising long-term return for investors.
| DAYS ON MARKET | 2 | LAST UPDATED | 1/21/2025 |
|---|---|---|---|
| YEAR BUILT | 1914 | COUNTY | FREDERICKSBURG CITY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | FREDERICKSBURG CITY PUBLIC SCHOOLS |
|---|---|
| High School | JAMES MONROE |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Wood Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 5227 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 1927 |
| UTILITIES | Cable Available, Sewer Available, Water Available, Electricity Available |
| WATER | Public |
| ZONING | Mixed-Use - 4 residential apartment units and a retail commercial space attached to one of the build |
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