809 Caroline St, Fredericksburg, VA 22401

$1,500,000
5,343
SqFt
List Price
$1,500,000
Days on Market
143
Status
ACTIVE
MLS#
VAFB2000180
Living Area
5,343
Lot Size (Acres)
0.07
Style
Federal
Year Built
1895
County
Fredericksburg City
School District
Fredericksburg City Public Schools

Property Description

Imagine owning this iconic building in the heart of the historic district! This building is one of the grandest, most beautiful buildings on Caroline Street. There's street-level retail that was home to PYE &Co and is now home to Pieces, a shop for unique and handmade gift items. The property also offers four apartments and a full, unfinished basement. The 3rd-floor apartment spans the entire building with commanding views of the Rappahannock River and bustling Caroline Street. Located in CD Zoning, there's a potential to add on to the property in the rear. The property line extends about 40 feet beyond the back of the building. There's currently off-street parking in the back, but it could become a garage, addition, etc. Three of the four apartments are occupied. The current gross annual income is $97,200. The NOI is $82,434, with significant upside potential in the revenue. Download the OM in the documents section for more information.

Additional Information

Taxes
$5445
School District
Fredericksburg City Public Schools
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Elite.