201 Cate Street #201-A, 201-B, & 201-C Portsmouth, NH
$2,987,000
Beds 1
Baths 4
Square Footage 2,697
Acres 0.42
Description
A rare opportunity in Portsmouth! This 2-parcel investment property is in a prime location! 201 Cate Street & 235 Cate Street (MLS #5014195) are being SOLD TOGETHER! Located near the traffic circle, convenient to downtown Portsmouth, adjacent to the Portsmouth West End Yards, these properties offer a 3-building package nestled in woods, next to Hodgson’s Brook. Currently, five apartments and a business rental...please note: owners have not made a market adjustment for rents in many years. (Refer to Average Rents Doc) All units meticulously maintained by a master-licensed and hands-on landlord/owner. The 3 buildings have been renovated and updated with highly efficient heating systems, building materials, and quality craftsmanship. The Carriage-House/Barn was totally uplifted and rebuilt into a glorious single-family 3-bedroom, 1-bath home with cathedral ceilings and beautiful hardwood beams. The main home on this property has been converted to two units, with a 2-bedroom + office, 2-bath on one side, and a 1-bedroom, 1-bath, 2-story unit on the other. Both units have their own entrances and highly sought-after parking spaces on-site. The adjacent lot features a business on the 1st floor with two 1-bedroom apartments above, each with their own separate entrances consisting of wide hardwood staircases, & views of Hodgson’s Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.
Listed by BHHS Verani Seacoast, Janet Carroll 603-828-2998
Details
MLS 5014191
Price $2,987,000
Status Active
DOM 80 days
Type Multi-Family
Style Carriage, Other, Multi-Family, Colonial
Beds 1
Total Baths 4 full baths
Square Feet 2,697 sqft
Lot Size 0.42 acres
Year Built 2003
Taxes Paid $18,000
Lot & Building Features
Appliances Water Heater–Natural Gas
Utilities Cable - Available, Gas - On-Site
Construction Vinyl Siding, Wood Frame
Cooling Central AC, Wall AC Units, Individual
Heating Gas Heater
Parking Description Driveway, Paved, Parking Spaces 11 - 20, On-Site, Off Street
Sewer Public
Tax Year 2023
Taxes Paid $18,000
Water Public
Basement Description Concrete, Stairs - Interior, Interior Access, Gravel, Exterior Access, Dirt, Concrete Floor
Foundation Concrete, Other
Lot Description City Lot, Wooded
Roof Shingle
Garage No
Unit Features
Unit 1 Apx Sqft 600
Unit 1 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 1 Lease Term Month to Month
Unit 1 Level Number 2-A
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1100.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 2
Unit 1 Status Leased
Unit 1 Style 201-A - Apartment
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 600
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 2 Lease Term Month to Month
Unit 2 Level Number 2-B
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1200.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Leased
Unit 2 Style 201-B - Apartment
Unit 2 Tenant Pays Electric, Heat
Unit 3 Apx Sqft 1428
Unit 3 Baths 2
Unit 3 Bedrooms 0
Unit 3 Info CO Detector, Smoke Detector, Laundry Hookup, Heat - Natural Gas
Unit 3 Lease Term Month to Month
Unit 3 Level Number 1-C
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 3625.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 4
Unit 3 Status Leased
Unit 3 Style 201-C - Business w/AC
Unit 3 Tenant Pays Electric, Heat
Schools
Elementary School Little Harbor School
Junior High School Portsmouth Middle School
Senior High School Portsmouth High School
Multi-Family Home for Sale: 201 Cate Street #201-A, 201-B, & 201-C, Portsmouth, NH 03801
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Financing
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6.75%
$
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$
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