Income-Producing / Residential

Renovated Colonial on Old Plank Road

6612 Old Plank Rd, Fredericksburg, VA 22407

$450,000
1,312 SF 0.39 acres 3.7% Cap
3
Bedrooms
0.5
Bathrooms
1,312
Square Feet
0.39 acres
Lot Size
1948
Year Built
Residential
Property Type

Financial Summary

3.7%
Cap Rate
$16,800
NOI (Annual)
$24,000
Gross Revenue
$2,000
Monthly Rent
100%
Occupancy
$343
Price / SF

All financial figures are estimates based on current market data and are not guaranteed. Contact us for verified financials.

About This Property

A renovated 3-bedroom colonial on a 0.

39-acre corner lot along Old Plank Road. Originally built in 1948 and fully updated in 2023 with contemporary finishes including recessed lighting, LVP flooring throughout both levels, and modern paint. The two-story layout features vinyl siding and combination construction. The property sits near Harrison Crossing shopping center with strong access to Route 3 and I-95. Exterior includes a parking area with space for 10 cars and 5 truck/trailer spaces.

Location

Old Plank Road corridor in Spotsylvania County, near the Harrison Crossing shopping center with direct access to Route 3, I-95, and surrounding retail and dining.

Nearby

Harrison CrossingRoute 3I-95Spotsylvania Towne Centre

Investment Perspective

A renovated residential asset on Old Plank Road acquired at $450K ($343/SF). The 2023 renovation brought the 1948-built home up to modern standards. Corner lot with generous parking capacity adds flexibility for residential or mixed-use potential.

Property Highlights

3 bedrooms across 1,312 SF on two stories
0.39-acre corner lot with ample parking
Fully renovated in 2023 with modern finishes
LVP flooring and recessed lighting throughout
Central A/C and electric heat
Near Harrison Crossing shopping center
Convenient access to Route 3 and I-95
$450,000

6612 Old Plank Rd, Fredericksburg, VA 22407

3.7% Cap Rate
$16,800 NOI

Asset Details

Status
Income-Producing
Type
Residential
Bedrooms
3
Bathrooms
0.5
Building
1,312 SF
Lot
0.39 acres
Built
1948
Category
Residential
Monthly Rent
$2,000
Occupancy
100%

Figures are estimates only.

Back to Portfolio