116 Franklin St Suffolk, VA 23434
Downtown Suffolk NeighborhoodEstimated payment $4,528/month
Highlights
- Laundry Room
- Central Air
- Baseboard Heating
- Ceramic Tile Flooring
About This Home
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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,667
Year Built
- Built in 1882
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Slate Roof
- Vinyl Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 2-Story Property
- Window Treatments
- Crawl Space
- Laundry Room
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- Driveway
- On-Street Parking
Schools
- Hillpoint Elementary School
- King`S Fork Middle School
- Kings Fork High School
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Heat Pump System
- Baseboard Heating
- Electric Water Heater
Community Details
- 5 Units
- Old Town Suffolk Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $636,000 | -- | -- |
Source: Real Estate Information Network (REIN)
MLS Number: 10577982
APN: 34G18(A)*213
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