1806 Fall Hill Ave, 1802 Fall Hill Ave
Mixed Use | 9.63% CAP | 5,309 SqFt
Marketing description
This fully leased, income-generating mixed-use property offers investors a rare opportunity to acquire a turnkey asset in the heart of Fredericksburg’s growth corridor. With over 5,300 square feet across two buildings and two lots, the property includes four stabilized residential units and a long-standing retail storefront, generating over $84,000 in annual net operating income. Located within walking distance to the University of Mary Washington, the VRE station, Downtown Fredericksburg, and the FredNats baseball stadium, this asset benefits from strong tenant demand and excellent visibility. A compelling value-add opportunity exists through converting the 1,400 SF retail space into one or two 2-bedroom apartments, potentially increasing annual income.
Convenience Store and additional lot also for sale ask listing agent for details.
Investment highlights
Two lots 7,874 sf
Two Buildings 5,309 sf
Built in 1914
Zoned R4
Building 1 - 1802/1804 Fall Hill Avenue (Apartment 1, 2)
Building 2 - 1806 Fall Hill Avenue (Apartment 3, 4, and the retail store)
Apartment mix Three 2 bedroom, one 3 bedroom
Fully leased mixed-use property: 4 apartments + 1,400 SF retail
$84,000 in annual net income
Renovated units, newer roofs, and long-term tenants
Blocks from UMW, Downtown Fredericksburg, VRE and Close to FredNats Baseball Stadium
Retail space can convert to 1 or 2 apartments to boost income
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