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Image 1 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 2 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 3 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 4 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 5 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 6 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 7 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 8 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Image 9 - 116 Franklin St, Suffolk, Virginia, 23434 - House for sale
Home For Sale In Suffolk, Virginia
116 Franklin St, Suffolk, Virginia, 23434

Home For Sale In Suffolk, Virginia

house for sale
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Listed: 05/17/24

116 Franklin St, Suffolk, Virginia, 23434

Studio Bed:
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Price
$ 699,000

About This House

A FIVE-unit building with a positive monthly cash flow of approx. $5000being 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 …  Full description

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Suffolk Housing & Living

Average sale prices for houses

3 bed
4+ bed
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In June 2024, the asking price for 3 bed houses for sale in/near Suffolk, United States averaged $305,618, an increase of 1.3% from the previous month.
Median price trends for properties for sale in Suffolk, United States as of June 2024.

Household Income

Median household income: $68,089
Number of households: 32,331
The average household income in Suffolk, VA grew from $65,435 to $68,089 in the past year. This data is an estimate based upon 32,331 households in Suffolk, VA.
The chart below presents how household income is distributed in Suffolk, VA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Suffolk, VA compared to median property taxes around the country. The prevalent amount of property taxes in Suffolk, VA equals $3k+ , which is less than the national average.