526 Canterbury Turnpike Under Contract Save Request In-Person Tour Request Virtual Tour
Norwich,CT 06360
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,293 sqft
Price per Sqft $174
MLS Listing ID 24056430
Style Units on different Floors,Units are Side-by-Side
Bedrooms 12
Full Baths 4
Year Built 2022
Annual Tax Amount $18,959
Lot Size 7.310 Acres
Property Description
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
Location
State CT
County New London
Zoning R40
Rooms
Basement Full,Unfinished,Full With Hatchway
Interior
Heating Heat Pump,Hot Air,Wall Unit,Zoned
Cooling Central Air,Ductless,Split System,Wall Unit
Fireplaces Number 2
Exterior
Parking Features None,Off Street Parking,Assigned Parking,Unpaved
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded,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