Homes for sale - 116 Franklin ST, Suffolk, VA 23434

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Frances Robbins

frances.robbins@movingtovb.com +1(757) 585-3992

$ 636,000

Est. payment | -/mo

Save

$ 636,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Old Town Suffolk

MLS Listing ID 10577982

HOA Y/N No

Year Built 1882

Annual Tax Amount $13,667

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.

Location

State VA

County Suffolk

Area 62 - Central Suffolk

Interior

Hot Water Electric

Heating Basebd, Electric, Heat Pump W/A

Cooling Central Air, Window/Wall

Flooring Carpet, Ceramic, Vinyl

Exterior

Parking Features Driveway Spc, Street

Utilities Available City Sewer, City Water, Electric

Roof Type Asphalt Shingle,Slate

Building

Story 2.0000

Foundation Crawl

Schools

Elementary Schools Hillpoint Elementary

Middle Schools King`S Fork Middle

High Schools Kings Fork

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement, Historical District, Owner Agent

Special Listing Condition Disclosure Statement, Historical District, Owner Agent

Listed by Fit Realty

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 585-3992

frances.robbins@movingtovb.com

Learn More About LPT Realty