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201 - 235 Cate StreetPortsmouth, NH 03801MLS Number 4867855

  • Price: $3,650,000
  • Est. Mortgage of $/month
  • 44 Days on Market
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Federal 30-year interest rate: 2.8% last updated on Jul 29, 2021
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  • 8Bathrooms
A rare opportunity in Portsmouth! We are pleased to present this 2-parcel investment property in a prime location! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to the new Portsmouth West End Yards, these properties offer a 3-building package nestled in woods and next to Hodgson's Brook. Currently, five apartment rentals and a business rental...please note: owners have not made a market adjustment for rents in many years. All units have been 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 and highly sought-after parking spaces. 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.
Listed by Janet Carroll and Mo Seiler of BHHS Verani Seacoast

Driving Directions

Gilman Real Estate
Gilman Real Estate
Office: 603-772-0808
39 Front St
Exeter, NH 03833

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$3,650,000
  • MLS Number4867855
  • MLS StatusActive

Property

  • Acreage0.71
  • Parking Spaces
  • Lot31 & 32
  • Square Feet4,577
  • APX Fin AG Sqft4,577
  • RoadsPaved, Public
  • Lot DescriptionCity Lot, Wooded

Other

  • Taxes$16,312
  • Seasonal Y/NNo
  • Unit 1 Deposit$975
  • Unit 2 Rent Amount$975
  • Unit 3 Rent Amount$1,200
  • Unit 4 Rent amount$925
  • Unit 5 Rent amount$1,900
  • View Count7

Location

  • TownPortsmouth
  • StateNH
  • Zip03801
  • CountyRockingham
  • ZoningGRA
  • Elementary SchoolLittle Harbor School
  • Junior HighPortsmouth Middle School
  • High SchoolPortsmouth High School
  • Flood Zone Y/NUnknown

Exterior

  • ExteriorVinyl Siding
  • RoofShingle

Utilities

  • Heat FuelGas - Natural
  • Heat SystemGas Heater
  • UtilitiesCable - Available, Gas - On-Site, Internet - Cable
  • WaterPublic
  • Water HeaterGas - Natural
  • Electric200 Amp
  • SewerPublic

Building

  • Year Built1998
  • Building ConstructionWood Frame
  • StyleCarriage, Colonial, Multi-Family, Other
  • Units6
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location2-A
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location2-B
  • Unit 2 Style201-B - Apartment
  • Unit 2 Total Rooms4
  • Unit 3 Bath2
  • Unit 3 Floor Location1-C
  • Unit 3 Style201-C - Business w/AC
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location1
  • Unit 4 Style235-1, 2 story
  • Unit 4 Total Rooms4
  • Unit 5 Baths2
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms3
  • # of 1 Bedrooms3
  • # of 2 Bedrooms1
  • # of 3 Bedrooms1
  • Bathroom8
  • Total Baths8
  • Basement
    • Concrete
    • Concrete Floor
    • Dirt
    • Exterior Access
    • Gravel
    • Interior Access
    • Stairs - Interior
  • FoundationConcrete, Other
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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 3, 2021.

 

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