A rare opportunity in Portsmouth! We are pleased to present this 2-parcel (201 & 235 Cate) investment property in a prime location! 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, 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. Monthly rentals are not todays market pricing.
Listed by Janet Carroll, BHHS Verani Seacoast
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