116 Franklin Street, Suffolk, VA 23434

Local realty services provided by:ERA Real Estate Professionals
#1
116 Franklin Street,Suffolk, VA 23434
$636,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Pending
Listed by:leslie holthoff martin
Office:fit realty
MLS#:10577982
Source:VA_REIN

Price summary

  • Price:$636,000

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.

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Home facts

  • Year built:1882
  • Listing Id #:10577982
  • Updated:August 06, 2025 at 09:56 AM

Heating and cooling

  • Cooling:Central Air, Window/Wall
  • Heating:Baseboard, Electric, Heat Pump W/A

Structure and exterior

  • Roof:Asphalt Shingle, Slate
  • Year built:1882

Schools

  • High school:Kings Fork
  • Middle school:King`s Fork Middle
  • Elementary school:Hillpoint Elementary

Utilities

  • Water:City Water, Water Heater - Electric
  • Sewer:City Sewer

Finances and disclosures

  • Price:$636,000
  • Tax amount:$13,667
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