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+17575280108
1st Class Real Estate Flagship
116 Franklin Street, Central Suffolk, VA 23434
- $485,000
- Sold Price
- $485,000
- Status
- SOLD
- MLS#
- 10577982
- Closing Date
- Oct 03, 2025
- Year Built
- 1882
- County
- Suffolk VA
- City
- Central Suffolk
- Subdivision
- Old Town Suffolk
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.
Additional Information
- Heating
- Basebd, Electric, Heat Pump W/A
- Cooling
- Central Air, Window/Wall
- Roof
- Asphalt Shingle, Slate
- Floors
- Carpet, Ceramic, Vinyl
- Exterior
- Stucco, Vinyl
- Parking Description
- Driveway Spc, Street
- Elementary School
- Hillpoint Elementary
- Middle School
- King`S Fork Middle
- High School
- Kings Fork
- Contingency Exists
- Non Contingent
- Days on Market
- 117
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Listing courtesy of Fit Realty. Selling Office: .
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