$2,987,000 $1,108 per sq.ft. Portsmouth NH »

Number of Units 3   Total Sq. Ft. 2697  |  Acres: 0.42
List Date Friday Sep 13, 2024
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. See MLS Property & Listing Details & 60 images.