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116 Franklin Street, Suffolk, VA 23434

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For Sale

$699,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Apartment
    Property type

  • Over 50 Years Old
    Age

Explore this Property

The historical Causey-Kendrick house, a FIVE-unit building, is currently being rented as FURNISHED mid-term rentals. Includes 4 -1bd/1 ba units (rent for $1300/mo. each) and one large (1600 sq ft) 3bd/1ba unit (rents for $2000/mo). All five units have been renovated since 2019, and some upgrades include ALL NEW WINDOWS, exterior paint, new flooring throughout, central HVAC in the largest unit, and new countertops, cabinets, and appliances. 2 newly renovated units were added in 2024. The building includes shared laundry (possible additional income stream if added coin-laundry) and an all-brick carriage house being sold as-is. The carriage house is also possible additional income to be used as rentable storage or renovated to add units. All furnishings can convey. Building is 100% occupied. Rent includes electric, water, and internet. 30 day minimum stays.
MLS# 10515898

Courtesy Of 1st Class Real Estate Integrity

(757) 320-0985

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Central A/C, Window Unit(s) A/C
  • Exterior Type
    Stucco, Wood
  • Floor Covering
    Carpet, Laminate, Vinyl, Wood
  • Heating Fuel
    Electric
  • Heating System
    Heat Pump
  • Roof Type
    Asphalt

Map and Directions

Directions to 116 Franklin Street, Suffolk, VA 23434

Home seller CENTURY 21 Nachman Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Nachman Realty

(757) 638-5700
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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