526 Canterbury Turnpike

Norwich, CT 06360

$1,200,000
Price
19
Beds
7
Baths
1
1/2 Bath
7,429 Sq. Ft.
$162 / Sq. Ft.
7,429
Sq. Ft.
$162
per Sq. Ft.
an aerial view of a house with a yard
a view of a house with backyard
a aerial view of a house with swimming pool and a yard
an aerial view of residential houses with outdoor space and trees
a view of a city
a view of a lake in middle of the town
a view of swimming pool from balcony
a view of a house with a yard
a view of a city
a car parked in front of a house with a yard
a house with trees in the background
a view of a house with a wooden deck
a view of a house with a yard
a view of a house with wooden deck
a front view of house with yard and seating area
a view of a house with a yard and sitting area
a front view of house with yard and green space
a front view of house with yard and green space
a view of a house with backyard and trees
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with refrigerator cabinets and wooden floor
a view of a livingroom with wooden floor and kitchen space
a view of a livingroom with a fireplace and window
an empty room with windows
an empty room with a empty space and windows
a bathroom with a toilet sink and mirror
a kitchen with a sink a refrigerator a window and white cabinets
wooden floor in an empty room with a window
a utility room with dryer and washer
a view of a storage & utility room with washer and dryer
a storage room

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.
  1. Listed by Joyce A Perlot • eXp Realty
    P: (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 Waterfront
No
Neighborhood
Occum
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
None, Off Street Parking, Unassigned Parking
Swimming Pool
No
LISTING UPDATED: 09/02/2024 05:07 PM

Property Details for 526 Canterbury Turnpike

StatusActive
MLS #24042939
Days on Market23
Taxes$25,899 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built2022
Lot Size7.76 AC / 338,025 SF
CountyNew 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

Summary
Property and Location
  • Acres Source: Owner
  • Directions: Coming from Occum: home is on the right. Keep driving past the home and the two following homes. Turn right onto Topliff Dr. Turn right behind homes and follow until you reach the blue house w/ orange doors
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Norwich Free Academy
  • Latitude: 41.593529
  • Longitude: -72.052544
  • Neighborhood Amenities: Basketball Court, Golf Course, Health Club, Park, Shopping/Mall, Stables/Riding, Tennis Courts
  • State: Connecticut
Parking
  • Parking Total Spaces: 10
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $25,899
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Deck, Covered Deck, Stone Wall
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Central Air, Ductless, Split System, Wall Unit
  • Heat Type: Heat Pump, Wall Unit
  • Attic YN: No
  • Fireplaces Total: 2
  • Laundry Room Location: Coin-op in 526. Cash producing. 2 sets
  • Rooms Total: 29
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 2022
  • Year Built Source: Owner
  • Bank Owned Property: No
  • Sq Ft Description: Both houses combined.
Lot Information
  • Lot Description: Lightly Wooded, Treed, Level Lot
  • Parcel Number: 2412448
  • Sq Ft Est Heated Above Grade: 7429.0
  • Sq Ft Total: 7429.0
  • Zoning: R40
Utilities
  • Energy Features: Thermopane Windows
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 134000
  • Occupied By: Tenant
  • Total Number of Units: 7
  • Total Rooms Multi Family: 29
Unit 1
  • Lease: Leased
  • Lease Expires: 10-31-2024
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,800
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Average Sq Ft: 868
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,875
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,850
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,800
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Leased
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 868
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Monthly Rent: $1,705
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 7
  • Listing Key: 20CAA1B4FEFB6C18E0631401100A26B6
  • Unit Appliances: Oven/Range,Refrigerator,Freezer,Dishwasher
  • Unit Average Sq Ft: 1400
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 09-02-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant

Property History for 526 Canterbury Turnpike

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$50,100Additions$188,900Total$239,000
Tax Record2023$10,002 ($834 / month)
Home Facts
Baths4Total Finished SqFt4,293 SqFtAbove Grade Finished SqFt4,293 SqFtUnfinished Basement SqFt1,410 SqFtStories2Lot Size103,237 SqFtStyleMulti-Family Res (5+ Units)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
John M. Moriarty School
Public - K to 5
Kelly Middle School
Public - 6 to 8
Irs Program At Moriarty
Public - K to 2
Aba Autism Program
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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More information about 526 Canterbury Turnpike, Norwich, CT 06360

526 Canterbury Turnpike is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on August 29, 2024 by eXp Realty, it's currently listed at $1,200,000. It has been on the market for a total of 23 days and was last sold on August 8, 1996. This listing's school district is Norwich School District. Nearby schools include John M. Moriarty School, Kelly Middle School and Irs Program At Moriarty. 526 Canterbury Turnpike is a 19-bed, 7.5-bath, 7,429 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of eXp Realty, Joyce A Perlot

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.