221 Bank Street
Suffolk, VA 23434
- – beds
- – baths
- 4,800 sqft
- $60 per sqft
- 1754 build
- – on site
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Great Investment Opportunity in Downtown Historic District with immediate monthly cash flow of $2,400 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
Last checked:
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Last updated Mar 3, 2025
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MLS# 10560101 —
The Building
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Year Built:1754
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Style:Other
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Roof:Asphalt Shingle
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Exterior Siding:Shingle, Wood
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Foundation Type:Basement
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SqFt:4,800 Sqft
Financial & Terms
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Ownership Type:Simple
Location
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Directions:Main street to Bank Street make left
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Area:62 - Central Suffolk
The Property
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Property Type:Multi Family Residential
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Property Subtype:Quadruplex
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Waterfront Description:Not Waterfront
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Fence Description:None
Listing Agent
- Contact info:
- Office phone:
- (757) 431-7521
Taxes
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Tax Amount Approx:$1,668
The Listing
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Disclosures:Disclosure Statement, Historical District
Utilities
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Water Type:City/County
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Meters Separate:None
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Sewer Type:City/County
Appliances
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Water Heater Type:Electric
Schools
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Elementary School:Hillpoint Elementary
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Middle School:King`s Fork Middle
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High School:Kings Fork
The Community
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Subdivision Name:OLD TOWN SUFFOLK
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Sold | REIN | $290,000 | -17.1% |
|
11/25/24
Nov 25, 2024
|
Pending | REIN | $350,000 | |
|
11/22/24
Nov 22, 2024
|
Listed / Active | REIN | $350,000 |
