Under contract
Under Contract - Conti...
526 Canterbury Turnpike
Norwich CT, 06360
$1,200,000
$161.53 per sqft
Under contract
Under Contract - Conti...
8 Baths
7,429 sqft
Commercial
Built in 2022
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.
24043703
MLSⓇ ID
September 2, 2024
Listed
November 5, 2024
Updated
Map
526 Canterbury Turnpike
Norwich CT, 06360
Interior Features
Total Stories
2
Total Bathrooms
8
Full Bathrooms
7
Half Bathrooms
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ductless, Wall Unit(s)
Heating
Yes
Heating Description
Electric, Heat Pump
Exterior/Building Features
Lot Size
7.76 Acres
Lot Features
Level
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$25,899
Tax Frequency
Annually
Days on Market
64
Garage
No
Parking
Off Street, Driveway, Unassigned
Parking Total
15
View
No
County
New London
Water Source
Public
Pool
No
Zoning
R40
Listing History
Date | Event | Price |
---|---|---|
11/5/2024 | Under contract | — |
Listed by Joyce Perlot with eXp Realty
Listing Contact: 8604494450
The IDX display contains information sourced from the Smart MLS, Inc as of 11/5/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/5/2024 at 11:16 PM UTC