$2,987,000 $976 per sq.ft. Portsmouth NH »

Number of Units 3   Total Sq. Ft. 3061  |  Acres: 0.29
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 (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. See MLS Property & Listing Details & 60 images.