List Price: $2,987,000 | $1,108 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 2 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday Sep 13, 2024 | MLS# 5014191
With 2 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday Sep 13, 2024 | MLS# 5014191
201 & 235 Aerial View
201 & 235 Street View
201 Cate Street
201 Cate, Business and 2 1-Bedrooms Upstairs
201-A and B each have a private entrance
201 Kitchen
Living Room
Bedroom
Bathroom
Bathroom
235-1 Front Entrance
235-1 Livingroom
235-1 Living Room
235-1 Kitchen
235-1 Bedroom
235-1 Bedroom
235-1 Bathroom
235-2 Kitchen
235-2 Living Room
235-2 Bedroom
235-2 Bedroom
235-2 Bedroom
235-2 Bathroom - Downstairs
235-2 Bathroom - Downstairs
235-2 Bathroom, Upstairs
235-2 Bathroom - Upstairs
235-3 Carriage House
235-3 Cathedral Ceiling
235-3 Kitchen
235-3 Living Room
235-3 stairs to Bedrooms
Hodgsons Brook
To see this Listing
Address: 201 Cate Street Portsmouth NH
Listed by Janet Carroll BHHS Verani Seacoast Cell: 603-828-2998
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. Operating Expenses : Insurance,Water/Sewer
Annual Expenses
Taxes: $18,000
Taxes: $18,000
Income
Appliances : Water Heater–Natural Gas
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 4
Sq.Ft.: 600
Level: 2-B
Style : 201-B - Apartment
Info : Appliances Included,CO Detector,Cooktop - Gas,Heat - Natural Gas,Range - Gas,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
Construction: Wood Frame | Vinyl Siding
Year Built: 2003
Style: Carriage | Colonial | Multi-Family | Other
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2697
Above Grade Sq.Ft.: 2697
Basement: Concrete | Concrete Floor | Dirt | Gravel | Stairs - Interior | Interior Access | Exterior Access
Foundation: Concrete | Other
Year Built: 2003
Style: Carriage | Colonial | Multi-Family | Other
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2697
Above Grade Sq.Ft.: 2697
Basement: Concrete | Concrete Floor | Dirt | Gravel | Stairs - Interior | Interior Access | Exterior Access
Foundation: Concrete | Other
Roof: Shingle
Garage And Parking: Driveway | Off Street | On-Site | Parking Spaces 11 - 20 | Paved
Seasonal: No
Garage And Parking: Driveway | Off Street | On-Site | Parking Spaces 11 - 20 | Paved
Seasonal: No
Heating: Natural Gas | Gas Heater
Cooling: Central AC | Wall AC Units | Individual
Electric: 200 Amp
Utilities: Cable - Available | Gas - On-Site
Electric Meters:
Water: Public
Sewer: Public
Cooling: Central AC | Wall AC Units | Individual
Electric: 200 Amp
Utilities: Cable - Available | Gas - On-Site
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Wooded
Lot size: 0.42 acres
Zoned: GRA)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Driveway: Paved
City Lot | Wooded
Lot size: 0.42 acres
Zoned: GRA)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Driveway: Paved
Additional Information
Block - 0032
Taxes $18,000
Assesed Value Not Reported
Block - 0032
Taxes $18,000
Assesed Value Not Reported
Schools
School District: Portsmouth
Elementary School: Little Harbor School
Middle School: Portsmouth Middle School
High School: Portsmouth High School
School District: Portsmouth
Elementary School: Little Harbor School
Middle School: Portsmouth Middle School
High School: Portsmouth High School
