1. Virginia
  2. Suffolk
  3. 116 Franklin ST
$636,000

116 Franklin ST, Suffolk, VA 23434

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1882
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Own a piece of history! The Causey-Kendrick House is a 5-unit apartment building and Carriage House (detached garage, sold AS-IS). Carriage House offers future opportunities for storage rental or additional units. There is a shared on-site laundry room with potential for additional income with coin operated washer & dryer. Ample street parking and close to public parking lots. Driveway access currently rented with one unit. Currently 100% occupied with leases through 2026. Owner pays water bill, refuse, and storm water. Some tenants pay electric with some have it included. Whole building renovated in the past 5 years to include new paint, flooring, granite countertops, appliances, central air in largest unit, all windows, and more! This is a turnkey opportunity with over 60k in NOI with room for additional income. APPROX 4440 square feet in FIVE units. 4-1BD/1BA units and 1- 3BD/1BA unit with approx. 1600 sq. ft. of living space.

Listing Status:
Active
Listing Office:
Fit Realty : 757-986-6312
Listing Agent:
Leslie Holthoff Martin :
MLS ID:
10577982
  • Flooring: CarpetCeramicVinyl
  • A/C: Central AirWindow/Wall
  • Heating: BasebdElectricHeat Pump W/A

This listing courtesy of Leslie Holthoff Martin, Fit Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Booker T. Washington Elementary School

204 Walnut St, Suffolk, VA, 23434

Grades PK-5

0.64 miles away

J

John F. Kennedy Middle School

2325 E Washington St, Suffolk, VA, 23434

Grades 6-8

1.54 miles away

K

King's Fork High School

351 Kings Fork Rd, Suffolk, VA, 23434

Grades 9-12

3.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.