201 Cate Street, Portsmouth, NH, 03801 | $1,377,000

A rare opportunity in Portsmouth in a prime location! 201 Cate Street is back on the market on it's own! (Previously offered with neighboring 235 Cate Street). Located near the traffic circle, convenient to downtown Portsmouth, adjacent to the Portsmouth West End Yards, nestled in the woods with Hodgson's Brook. Two apartments and a business rental, this building has been meticulously maintained by a master-licensed and hands-on landlord/owner using highly efficient heating systems, building materials, and quality craftmanship. The business unit is on the first floor with the two 1-bedroom apartments above, each with their own separate entrances consisting of wide hardwood staircases, separate utilities, & views of Hodgson's Brook. Plenty of on-site parking for the both the business and the apartments, a rare commodity in Portsmouth! Please note: the business is not for sale. This unit will be vacant and ready for your own business, or ready to lease!

Features

  • Rooms: 9
  • Bedrooms: 2
  • Baths: 3 full
  • Units: 3
  • Style: Duplex,Multi-Family,Multi-Level,New Englander
  • Year Built: 2023
  • Heating: Gas Heater
  • Cooling: Central AC
  • Basement: Concrete,Concrete Floor,No Tenant Access,Stairs - Interior,Unfinished,Interior Access
  • Approx Sq. Feet: 2,697
  • Acreage: 0.42
  • Est. Taxes: $12,364
  • Lot Desc: City Lot,Wooded
  • Elem. School: Little Harbor School
  • Middle School: Portsmouth Middle School
  • High School: Portsmouth High School
  • School District: Portsmouth
  • MLS#: 5025870
  • Website: https://www.raveis.com
    /prop/5025870/201catestreet_portsmouth_nh?source=qrflyer
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Listing courtesy of BHHS Verani Seacoast   Phone: 603-431-8977
Listing Agent: Janet Carroll

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201 Cate Street, Portsmouth, NH, 03801

$1,377,000

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 $1,101,600 $1,101,600 $1,101,600
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.746% 6.597% 6.158%
Monthly Tax Payment $1,030 $1,030 $1,030
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,516 $6,963 $9,296
Total Monthly Payment $7,671 $8,118 $10,451

* 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.