116 Franklin ST Active Save Request In-Person Tour Request Virtual Tour
Suffolk,VA 23434
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision Old Town Suffolk
MLS Listing ID 10577982
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
Special Listing Condition Disclosure Statement,Historical District,Owner Agent