Skip To Content

116 Franklin St

Suffolk, VA 23434
  • $636,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 10577982
UPDATED: 80 min ago
$636,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1882

School Information

Elementary School:
Middle School:
High School:

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.

Monthly Payment Calculator

www.movetovb.com/homes/162435309
Print Image

116 Franklin St Suffolk, VA 23434

  • Price: $636,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 80 min ago
  • ID#: 10577982
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1882
Built
Neighborhood:
Old Town Suffolk
Area:
62 - Central Suffolk
Elementary School:
Hillpoint Elementary
Middle School:
King`S Fork Middle
High School:
Kings Fork
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.
Exterior Features

Construction ConcreteFrame Exterior Siding StuccoVinyl Foundation Type Crawl Garage YN No Parking Driveway SpcStreet Roof Asphalt ShingleSlate

Interior Features

Cooling Central AirWindow/Wall Dishwashers 0 Disposals 0 Dryers 1 Flooring Type CarpetCeramicVinyl Furnished YN No Heating BasebdElectricHeat Pump W/A Ranges 5 Refrigerators 5 Washers 1 Water Heater Type Electric

Property Features

Apartment Type Converted Single Fam Contingency Exists Non Contingent Disclosure Disclosure StatementHistorical DistrictOwner Agent Features Laundry RoomSecurityWindow Treatments Ownership Type Simple Possession SETTLEMENT Tax Amount Approx 13667 Utilities City SewerCity WaterElectric

Real Estate Information Network logoListing provided courtesy of Fit Realty: 757-986-6312
© 2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
 
https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10577982-2.jpg https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10577982-2.jpg https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10577982-2.jpg
Logo
Tyler Hawa Homes | 1st Class Real Estate Coastal Breeze
566 Denbigh Blvd. Units A&B
Newport News VA, 23608