221 Bank ST Suffolk, VA 23434
4,800 SqFt
UPDATED:
11/25/2024 11:08 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $72
Subdivision Old Town Suffolk
MLS Listing ID 10560101
Style Other
HOA Y/N No
Year Built 1754
Annual Tax Amount $1,668
Contingent Home/EIFS Insp. Con.
Property Description
4- 2 BR 1 Bath Apts each with a private entrance. 2 apts on 1st floor and 2 apts on 2nd floor ( Vacant Unit on 2nd floor Unit 4). 3 apts are occupied on a Month to Month Lease $800., The vacant apt is nearly ready for occupancy and is similar to the ones that are occupied, which could produce a minimum monthly rent of $800 for monthly cash flow of $3,200. Apartments are modest, with great features, ie, built ins in living room, separate dining room with french doors, screened in porch and ample closet space
Hud market rent schedule for 2 bedroom 1 bath can produce rental income up to $1500 per apt per month for additional projected cash flow. Apartment building is near Restaurants, Shopping, Public Library, City Hall, Parks, Hotels, Farmers Market, Interstate, Cultural Arts Center and Public Transportation. Carport in rear for parking
Contact Listing Agent for Showings
Location
State VA
County Suffolk
Area 62 - Central Suffolk
Interior
Hot Water Electric
Exterior
Fence None
Waterfront Description Not Waterfront
Roof Type Asphalt Shingle
Building
Foundation Basement
Sewer City/County
Water City/County
Schools
Elementary Schools Hillpoint Elementary
Middle Schools King`S Fork Middle
High Schools Kings Fork
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement, Historical District
Special Listing Condition Disclosure Statement, Historical District
