526 Canterbury Turnpike, Norwich, Connecticut

$750,000

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12

Beds

4

Baths

4,293

Square feet

7.31

Acres

About 526 Canterbury Turnpike

A unique chance to acquire a four-family residence in the tranquil Norwich, CT, generating over 90k a year, is now available. This property underwent a complete renovation in 2022 and occupies 2.37 acres. It features four units, each with three bedrooms, one-bathroom. All of the units are feature stainless steel appliances, granite countertops, energy-efficient, electric mini-splits for heating and cooling, and semi-private decks, among other amenities. In addition, there is a coin-op laundry room on premise for additional income. All units have individual electric meters. New sewer line from home to street recently installed. The property generates an annual gross income exceeding $90,000 and has the potential for subdivision into additional building lots. Included in the sale is an extra 4.94-acre lot at 514 Canterbury Turnpike, encompassing Topliff Drive with access to Old Canterbury Turnpike. Taxes, assessed value, and acreage reflect the combination of 526 and 514 Canterbury tpke. Also listing in a portfolio with adjoining multifamily MLS 24042939

Features of 526 Canterbury Turnpike

MLS® # 24056430
Price $750,000
Bedrooms 12
Bathrooms 4.00
Full Baths 4
Square Footage 4,293
Acres 7.31
Year Built 2022
Type Multi-Family For Sale
Sub-Type 4 Family
Style Units on different Floors, Units are Side-by-Side
Status Under Contract - Continue to Show

Community Information

Address 526 Canterbury Turnpike
Area N/A
City Norwich
County New London
State Connecticut
Zip Code 06360

Amenities

Parking Spaces 10
Parking None, Off Street Parking, Assigned Parking, Unpaved
Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Heat Pump, Hot Air, Wall Unit, Zoned, Electric
Cooling Central Air, Ductless, Split System, Wall Unit
Fireplace Yes
# of Fireplaces 2

Exterior

Exterior Vinyl Siding
Lot Description Lightly Wooded, Level Lot
Roof Asphalt Shingle
Foundation Concrete, Stone

School Information

Elementary Per Board of Ed
High Norwich Free Academy

Additional Information

Date Listed October 28th, 2024
Days on Market 15
Zoning R40
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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