Leslie Holthoff Martin
This listing was posted on RealtyWW.
$699,000
Home For Sale In Suffolk, Virginia
Price:
$699,000
BR/BA:
3 BR, 1 BA
Location:
116 Franklin St, Suffolk, VA
Description:
A FIVE-unit building with a positive monthly cash flow of approx. $5000 being rented as FURNISHED mid-term rentals. Includes 4 -1bd/1 ba units (rent for $1200-$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 Jan 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 offers possible additional income as rentable storage or additional units. All furnishings convey. The building is 100% occupied. Showings must be scheduled a minimum of 72 hours in advance. Rent includes electricity, water, and internet. 30-day minimum stays. 2023 (3 units)had a 4% cap rate. Vacancy rate for 2023 was 75%.For more details: https://realtyww.info/homes_suffolk-d524253/for-sale_i71887512
Property Type:
Single-Family Houses
Sq feet:
1,600 sq. ft.
Amenities:
Internet Access, Storage
Posted:
May 16 on RealtyWW
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More About this Listing: Home For Sale In Suffolk, Virginia
Home For Sale In Suffolk, Virginia is a Three Bedroom One Bath Single-Family Homes for Sale at 116 Franklin St in Suffolk VA. Find other listings like Home For Sale In Suffolk, Virginia and listings near 116 Franklin St by searching Oodle Classifieds for Three Bedroom One Bath Single-Family Homes for Sale in Suffolk VA.
Home For Sale In Suffolk, Virginia is a Three Bedroom One Bath Single-Family Homes for Sale at 116 Franklin St in Suffolk VA. Find other listings like Home For Sale In Suffolk, Virginia and listings near 116 Franklin St by searching Oodle Classifieds for Three Bedroom One Bath Single-Family Homes for Sale in Suffolk VA.