$750,000 ($174.70 per sqft)

Under Contract

Est. Mortgage $3,694/mo *

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526 Canterbury Turnpike, Norwich, CT, 06360

526 Canterbury Turnpike, Norwich, CT, 06360
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16 rooms

12 beds

4 Full baths

2022

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

4,293 sqft

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

Status:

Under Contract

Type:

Multi-family

Laundry Remarks:

Coin Op Laundry

Units:

4

Zoning:

R40

Garage:

None, Off Street Parking, Assigned Parking, Unpaved

Heating:

Heat Pump, Hot Air, Wall Unit, Zoned

Cooling:

Central Air, Ductless, Split System, Wall Unit

Basement:

Full, Unfinished, Full With Hatchway

Parking:

10-car

Acreage:

7.31

Est. Taxes:

$18,959

Assessment

$574,400

Lot Description:

Lightly Wooded,Level Lot

Elementary School:

Per Board of Ed

High School:

Norwich Free Academy

Days on Market:

8

MLS #:

24056430

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Joyce Perlot, eXp Realty Email: joycey787@gmail.com