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 |
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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 |
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Area | N/A |
City | Norwich |
County | New London |
State | Connecticut |
Zip Code | 06360 |
Amenities
Parking Spaces | 10 |
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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 |
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Cooling | Central Air, Ductless, Split System, Wall Unit |
Fireplace | Yes |
# of Fireplaces | 2 |
Exterior
Exterior | Vinyl Siding |
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Lot Description | Lightly Wooded, Level Lot |
Roof | Asphalt Shingle |
Foundation | Concrete, Stone |
School Information
Elementary | Per Board of Ed |
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High | Norwich Free Academy |
Additional Information
Date Listed | October 28th, 2024 |
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Days on Market | 15 |
Zoning | R40 |
RE / Bank Owned | No |
Listing Details
Office | eXp Realty |
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