526 Canterbury Turnpike, Norwich, CT 06360 - MLS#24042939

Norwich, CT 06360,526 Canterbury Turnpike

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Silver And Oak Realty CT

[email protected] +1(877) 293-0868

$1,200,000

Est. payment - /mo

19 Beds

8 Baths

7,429 SqFt

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UPDATED:

11/06/2024 02:38 AM

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Under Contract

Purchase Type For Sale

Square Footage 7,429 sqft

Price per Sqft $161

MLS Listing ID 24042939

Style Units on different Floors,Units are Side-by-Side

Bedrooms 19

Full Baths 7

Half Baths 1

Year Built 2022

Annual Tax Amount $25,899

Lot Size 7.760 Acres

Property Description

This exceptional investment opportunity with annual earning potential of $152,000 located in Norwich, CT, includes three adjoining properties totaling 7.76 acres. The portfolio features a completely renovated 4-family property at 526 Canterbury Tpke., where each unit boasts 3 bedrooms, 1 bath, stainless steel appliances, granite countertops, hybrid water heaters, energy-efficient mini splits for heating and cooling, and semi-private decks. The 3-family property at 528 Canterbury Tpke. has undergone extensive updates including siding, roof, and decks. One unit, a 2-bedroom, 1 bath, has been fully renovated with a new kitchen featuring stainless steel appliances, granite countertops, a butcher block coffee bar, a hybrid water heater, energy-efficient mini splits, and a remodeled bathroom. Another 2-bedroom, 1 bath unit has newly installed mini splits and a hybrid water heater, while the third unit, a 3-bedroom, 1.5 bath, is currently being remodeled. Additionally, the land at 514 Canterbury Tpke. may have potential for subdivision into additional building lot/s. Each of the seven units is individually metered for electric which covers heating and cooling and the responsibility of the tenant. The properties are strategically located near major employers such as Electric Boat, the Submarine Base, Pfizer, and local casinos, making them highly attractive to tenants. In addition, there is coin-operated laundry on site, which generates additional revenue.

Location

State CT

County New London

Zoning R40

Rooms

Basement Full, Unfinished, Hatchway Access, Concrete Floor

Interior

Heating Heat Pump, Wall Unit

Cooling Central Air, Ductless, Split System, Wall Unit

Fireplaces Number 2

Exterior

Exterior Feature Porch, Deck, Covered Deck, Stone Wall

Garage None, Off Street Parking, Unassigned Parking

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Lightly Wooded, Treed, Level Lot

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Norwich Free Academy

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Listed by Joyce Perlot • eXp Realty

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Silver And Oak Realty CT

+1(877) 293-0868

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