Incredible potential awaits at 132 Owen Court in Fredericksburg! This versatile 1,872 square foot, 2-story home sits right in town on a peaceful 0.895-acre lot with a large yard and a wooded view bordering a nearby creek. Enjoy the outdoors from the nice front porch or the partially covered side porch, which features convenient wheelchair ramp access. The main structure is protected by a newer metal roof, newer windows and vinyl siding, and the home is efficiently heated via a natural gas boiler with baseboard hot water. The second floor is almost completely updated, boasting new drywall, flooring, light fixtures, a remodeled full bath, 3 carpeted bedrooms, an office/bonus room, and a dedicated kitchenette. The main level is in fully livable condition but leaves some room for your personal cosmetic updates, featuring a kitchen with a newer stainless refrigerator, a dining area, a living room with a woodburning stove, a main-floor bedroom, a full bath, and a laundry room. Outside features include a 2-car detached garage, a sturdy cement block building with his/hers sections, and an extra storage shed. With the upstairs kitchenette and layout, this property could also easily convert into a duplex for an excellent monthly return on investment. Don't miss this unique home or investment opportunity! You will not find almost 1 acre, in town lots available like this every day! Call today!