201 - 235 Cate Street, Portsmouth, NH, New Hampshire, property flyer

201 - 235 Cate Street, #201-A, B, C & 235-1, 2, 3, Portsmouth, NH, 03801 | $2,987,000

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 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 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.

Features

Rooms: 29
Bedrooms: 8
Baths: 8 full
Units: 6
Style: Carriage,Colonial,Multi-Family,Other
Year Built: 1998
Heating: Natural Gas,Gas Heater

Cooling: Central AC,Wall AC Units,Individual
Basement: Concrete,Concrete Floor,Dirt,Gravel,Stairs - Interior,Interior Access,Exterior Access
Approx Sq. Feet: 4,577
Acreage: 0.71
Est. Taxes: $18,000
Lot Desc: City Lot,Wooded,Near Shopping,Near Hospital
Elem. School: Little Harbor School

Middle School: Portsmouth Middle School
High School: Portsmouth High School
School District: Portsmouth
MLS#: 5015120
Website: https://www.raveis.com
/prop/5015120/201235catestreet_portsmouth_nh?source=qrflyer

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 PrimMLS. 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 11/24/2024
Listing courtesy of BHHS Verani Seacoast Phone: 603-431-8977
Listing Agent: Janet Carroll

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201 - 235 Cate Street, #201-A, B, C & 235-1, 2, 3, Portsmouth, NH, 03801

$2,987,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$2,389,600	$2,389,600	$2,389,600
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.375%	5.875%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.821%	6.474%	6.036%
Monthly Tax Payment	$1,500	$1,500	$1,500
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$13,568	$14,908	$20,004
Total Monthly Payment	$15,193	$16,533	$21,629

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.