Seller's Agent in 2025
Leslie Martin
Fit Realty
(757) 705-7310
3 in this area
20 Total Sales
116 Franklin St Suffolk, VA 23434
Downtown Suffolk Neighborhood
--
Bed
--
Bath
2,880
Sq Ft
7,405
Sq Ft Lot
Highlights
- Laundry Room
- Central Air
- Baseboard Heating
- Ceramic Tile Flooring
About This Home
As of October 2025Own 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
- Apartment
Year Built
- Built in 1882
Lot Details
- 7,405
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
Overview
- 5 Units
- Old Town Suffolk Subdivision
Building Details
- Security
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
Sep 8, 2025
Sold by
Bought by
Seller's Agent
Leslie Martin
Fit Realty
Buyer's Agent
Jake Maines
Iron Valley Real Estate HR
List Price
$636,000
Sold Price
$485,000
Premium/Discount to List
-$151,000
-23.74%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,270
Interest Rate
0.0656%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 16, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
0.029%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 19, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,507
Interest Rate
0.044%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 28, 2018
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $485,000 | Chicago Title | ||
| -- | None Available | ||
| $114,000 | Attorney | ||
| $90,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $492,270 | ||
| Previous Owner | $80,000 | ||
| Previous Owner | $205,000 | ||
| Previous Owner | $198,507 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $485,000 | -23.7% | $168 / Sq Ft |
| 08/05/2025 08/05/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $636,000 | -- | $221 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,206 | $172,300 | $47,900 | $124,400 |
| 2024 | $3,014 | $162,100 | $43,600 | $118,500 |
| 2023 | $2,733 | $157,200 | $43,600 | $113,600 |
| 2022 | $1,545 | $141,700 | $43,600 | $98,100 |
| 2021 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2020 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2019 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2018 | $1,877 | $135,600 | $43,600 | $92,000 |
| 2017 | $1,451 | $135,600 | $43,600 | $92,000 |
| 2016 | $1,451 | $135,600 | $43,600 | $92,000 |
| 2015 | $1,064 | $148,000 | $43,600 | $104,400 |
| 2014 | $1,064 | $148,000 | $43,600 | $104,400 |
Source: Public Records
Agents Affiliated with this Home
-
Leslie Martin
-
Jake Maines
Buyer's Agent in 2025
Jake Maines
Iron Valley Real Estate HR
(864) 567-4124
6 in this area
149 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10577982
APN: 34G18(A)*213
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