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 Hodgsons 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 Hodgsons Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.
-
1BEDS
-
0.42ACRES
-
4BATHS
-
01/2 BATHS
-
2,697SQFT
-
$1,108$/SQFT
School Information
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 Hodgsons 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 Hodgsons Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.
© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 2024-10-14T14:07:18.77.
Courtesy of Janet Carroll of BHHS Verani Seacoast: Cell: 603-828-2998.