5 WILSON CT Fredericksburg, VA 22407

Instant Equity! Instant Income! Lease in place until Sept 31 2023 This is an excellent opportunity to become a landlord with a built-in tenant or buy for yourself to live in later. This home features Gas Cooking, New Water Heater, Newer Central HVAC, Newer Roof, an oversized Eat-in Kitchen and large Family Room. An extra large, and fenced cul de sac lot with a private concrete patio, 1-car attached garage, and a storage shed; PLUS plenty of space to add an additional structure such as a workshop or detached garage. Pull-down attic stairs lead to tons of overhead storage. Minutes from I-95, shopping, and schools. No HOA. Public Utilities. Priced below appraisal. Very recent appraisal shows $35,000 instant equity at this price. Great opportunity to buy in Fredericksburg now, but move in later. Very convenient location and an easy walk to the mall! Hurry!
The current tenant has lived here for 30 years. There is currently a lease in place through September 2023. At that point, you will have the choice whether to keep renting, or make some changes. This tenant is very reliable, and would love to continue staying here for possibly years to come.
Recent updates...Newer Roof (3 years), HVAC System (5 years), Windows on the front of the Home (3 years), and Shower replaced (3 years). New hot water heater.