1418 ELIZABETH DR

Fredericksburg, VA 22405

INVESTMENT PROPERTY! INVESTMENT PROPERTY! This home will be 4,490 square feet of living space after upper level is finished! 1st Floor has 2,232 square feet of finished living space with 4 bedrooms, 1 full bathroom, kitchen, living/dining room, and family room finished. 2md Floor will require construction and completion of permanent stairs (currently on a pull down attic staircase), 2 more bathrooms, and all plumbing, electric, HVAC, flooring, etc. Currently, 2nd level is only framed. House is similar to a 1-level home with a full unfinished basement except the unfinished area is in the attic. Most homes in the area are selling for $270/SF to $370/SF for finished space (contact for list of sales). This home is $174/SF for lower level and only $87/SF using the 2nd level framed- in area.Tenant has been given notice to vacate but still requires 24-hour notice for an appointment to show. Home does not show well while tenant is there, but pictures do show home in best light. Home may not qualify for VA/FHA because of unfinished area on 2nd level.Home sold strictly "As Is". Home inspection for VOID only and only 5 days for home inspection contingency. Owners are anxious, so all offers will be presented. This property has potential to be one of the largest homes in Falmouth/South Stafford area after 2nd level is finished but will require a professional builder to complete. Price drop consideration given for quick closing with minimal contingencies. INVESTMENT PROPERTY!