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Multifamily

503 Hanover Street

503 Hanover St, Fredericksburg, VA 22401

Listing Price: $1,100,000

Cap Rate
4.88%
Number of Units
8
Price/Unit
$137,500
Price/Gross SF
$232.51
Gross SF
4,731

Investment Overview

The property consists of eight (8) units in one three-story building constructed in 1889 and situated on +/- 0.19 acres. The property’s prime location provides tenants direct access to numerous restaurants, retail, entertainment, and shopping. The property is also centrally located between Richmond, VA and Washington, D.C.

Investment Highlights

  • 8 Units: 1 Studio Unit & 7 One-Bedroom One-Bathroom Units
  • Walking Distance (0.6 Miles) from University of Mary Washington
  • 3.6 Miles from Central Park Shopping Center
  • 55.5 Miles from Washington D.C.
  • 58.1 Miles from Richmond, VA.

Exclusively Listed By

Listing Price: $1,100,000

Cap Rate
4.88%
Number of Units
8
Price/Unit
$137,500
Price/Gross SF
$232.51
Gross SF
4,731

Investment Highlights

  • 8 Units: 1 Studio Unit & 7 One-Bedroom One-Bathroom Units
  • Walking Distance (0.6 Miles) from University of Mary Washington
  • 3.6 Miles from Central Park Shopping Center
  • 55.5 Miles from Washington D.C.
  • 58.1 Miles from Richmond, VA.

Investment Overview

The property consists of eight (8) units in one three-story building constructed in 1889 and situated on +/- 0.19 acres. The property’s prime location provides tenants direct access to numerous restaurants, retail, entertainment, and shopping. The property is also centrally located between Richmond, VA and Washington, D.C.

Exclusively Listed By

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