Bean Group/ Stratham
Bean Group/ Stratham
Martha McAuliffe, Bean Group/ StrathamPhone: (603) 828-7174
Email: [email protected]
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listing
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Listed by: Janet Carroll from BHHS Verani Seacoast, 603-431-8977
Multi-FamilyFor Sale
$3,125,000
201 Cate Street 201-A, 201-B, & 201-C
Portsmouth, NH 03801
MLS: New England Real Estate network (NEREN)
2,697Sq Ft
Est. Mortgage
$16,231/mo

A rare opportunity in Portsmouth! This 2-parcel investment property is in a prime location! 201 Cate Street and 235 Cate Street are being SOLD TOGETHER! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to the 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. (Refer to Rental Potentials Stats 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 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.

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Information courtesy of BHHS Verani Seacoast is subject to verification and is not guaranteed.
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