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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$2,987,000

MLS# 5014195
3061 sq.ft. Bedroom | 0 Bathroom
Multi Family
235 Cate Street Portsmouth NH 		 
$2,987,000 | $976 per sq.ft. | MLS# 5014195 A 3  Unit Multi Family Home, 235 Cate Street Portsmouth NH With 1 - One Bedroom Units | 1 - Two Bedroom Units | 1 - Three Bedroom Units

Description:
A rare opportunity in Portsmouth! This 2-parcel investment property is in a prime location! 201 Cate Street (MLS #5014191) & 235 Cate Street 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 apartment and a business rental...please note: owners have not made a market adjustment for rents in many years. (Refer to the Average Rents Doc) All units meticulously maintained by a master-licensed and hands-on landlord/owner. The three 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 & 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, and 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. Appliances : Water Heater–Natural Gas

Annual Expenses
Taxes: $18,000 		    Income
UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 4
Sq.Ft.: 940
Level: 235-1
Info : Appliances Included,CO Detector,Cooktop - Gas,Heat - Natural Gas,Range - Gas,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 1100.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 2
Rooms: 7
Sq.Ft.: 940
Level: 235-2
Style : 235-2 Apartment
Info : Appliances Included,CO Detector,Cooktop - Gas,Heat - Natural Gas,Range - Gas,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 2200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 1181
Level: 2
Style : 235-3 Carriage House/Barn
Info : CO Detector,Heat - Natural Gas,Laundry Hookup,Smoke Detector
Rent : 2400.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Price Per SQ.FT. 975.82 | Year Built: 1998
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Wooded
Avail.Sq.Ft.: 3
Livable Space: 3061
Above Grade Sq.Ft.: 3061
Below Grade Sq.Ft.: 0
Foundation: Concrete | Other
Heating: Natural Gas | Gas Heater
Cooling: Central AC | Wall AC Units | Individual
Electric: 200 Amp
Style: Carriage | Colonial | Multi-Family | Other
Roof: Shingle
Water: Public
Sewer: Public
Lot size: 0.29 acres
Zoned: GRA
Surveyed: Yes
SurveyedBy: Knight Hill Lan
Flood Zone: Unknown
Seasonal: No
Garage And Parking: Driveway | Off Street | On-Site | Parking Spaces 11 - 20 | Paved
Roads: Paved | Public
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $18,000  | Assesed Value $0 in
SCHOOLS
School District: Portsmouth
Elementary School: Little Harbor School
Middle School: Portsmouth Middle School
High School: Portsmouth High School
  • 201 & 235 Aerial View 22125334 201 & 235 Aerial View
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  • 201 & 235 Street View 22125335 201 & 235 Street View
  • 201 Cate Street 22125336 201 Cate Street
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  • 201 Cate, Business and 2 1-Bedrooms Upstairs 22125337 201 Cate, Business and 2 1-Bedrooms Upstairs
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  • 201-A and B each have a private entrance 22125338 201-A and B each have a private entrance
  • 201 Kitchen 22125339 201 Kitchen
  • Living Room 22125340 Living Room
  • Bedroom 22125341 Bedroom
  • Bathroom 22125342 Bathroom
  • Bathroom 22125343 Bathroom
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  • 235-1 Front Entrance 22125346 235-1 Front Entrance
  • 235-1 Livingroom 22125347 235-1 Livingroom
  • 235-1 Living Room 22125348 235-1 Living Room
  • 235-1 Kitchen 22125349 235-1 Kitchen
  • 235-1 Bedroom 22125350 235-1 Bedroom
  • 235-1 Bedroom 22125351 235-1 Bedroom
  • 235-1 Bathroom 22125352 235-1 Bathroom
  • 235-2 Kitchen 22125353 235-2 Kitchen
  • 235-2 Living Room 22125354 235-2 Living Room
  • 235-2 Bedroom 22125355 235-2 Bedroom
  • 235-2 Bedroom 22125356 235-2 Bedroom
  • 235-2 Bedroom 22125357 235-2 Bedroom
  • 235-2 Bathroom - Downstairs 22125358 235-2 Bathroom - Downstairs
  • 235-2 Bathroom - Downstairs 22125359 235-2 Bathroom - Downstairs
  • 235-2 Bathroom, Upstairs 22125360 235-2 Bathroom, Upstairs
  • 235-2 Bathroom - Upstairs 22125361 235-2 Bathroom - Upstairs
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  • 235-3 Cathedral Ceiling 22125366 235-3 Cathedral Ceiling
  • 235-3 Kitchen 22125364 235-3 Kitchen
  • 235-3 Living Room 22125365 235-3 Living Room
  • 235-3 stairs to Bedrooms 22125367 235-3 stairs to Bedrooms
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  • Hodgsons Brook 22125373 Hodgsons Brook
15 Buck Rd. Hanover, NH 03755 603-643-3942

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