526 Canterbury Turnpike
$1,200,000
19
7
1
7,429
7,429
$162
Under Contract
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...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.
- Listed by Joyce A Perlot • eXp RealtyP: (860)-449-4450 C: (860)-449-4450 joycey787@gmail.com
Property Details for 526 Canterbury Turnpike
Basement Description
Full, Unfinished, Hatchway Access, Concrete Floor
Direct WaterfrontNo
NeighborhoodOccum
StyleUnits on different Floors, Units are Side-by-Side
Garage Parking InfoNone, Off Street Parking, Unassigned Parking
Swimming PoolNo
LISTING UPDATED: 12/30/2024 07:56 PM
Property Details for 526 Canterbury Turnpike
Status | Under Contract |
---|---|
MLS # | 24042939 |
Days on Market | 68 |
Taxes | $25,899 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 2022 |
Lot Size | 7.76 AC / 338,025 SF |
County | New London County |
Building Information for 526 Canterbury Turnpike
Stories-Residences7Year Built2022Building Size-Lot Size7.76 AC / 338,025 SF
Property Information for 526 Canterbury Turnpike
Property History for 526 Canterbury Turnpike
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 526 Canterbury Turnpike
Taxable ValueLand$62,000Additions$446,500Total$508,500
Tax Record2023$16,908 ($1,409 / month)
Home Facts
Baths4Total Finished SqFt4,293 SqFtAbove Grade Finished SqFt4,293 SqFtUnfinished Basement SqFt1,410 SqFtStories2Lot Size103,237 SqFtStyleMulti-Family Dwelling (2-4)Year Built1850ZoningR40CountyNEW LONDONAPNNORW M:19 B:1 L:10Fireplace TypeHas Fireplace
Schools near 526 Canterbury Turnpike
This home is within Norwich School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | K to 2 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
John M. Moriarty School PublicK to 5 | ||
Kelly Middle School Public6 to 8 | ||
Irs Program At Moriarty PublicK to 2 | ||
Aba Autism Program PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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