1. Connecticut
  2. Stamford
  3. 700 Summer Street
$1,198,888

700 Summer Street, Stamford, CT 09605

  • 4 beds |
  • 3 baths |
  • 2,125 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $564/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

### **Downtown Stamford Investment Portfolio - 3 Income-Producing Condos**### **Offered as a Turnkey Package | Listing Price: $1,198,888** **Monthly Rental Income: $7,700 | Annual Income: $92,400** **Total Living Area: Approx. 2,125 Sq Ft | Monthly Maintenance: $1,452 | Annual Taxes: $5,929** **Property Overview:** An exceptional opportunity to acquire a portfolio of **three fully leased 2-bedroom, 1-bathroom condominiums** in the heart of **Downtown Stamford**. This rare package deal offers immediate cash flow, a diversified lease structure, and strong long-term appreciation potential in one of Connecticut's most vibrant urban markets. **Unit Breakdown:** - **Total Units:** 3 - **Lease Terms:** - 1 Unit: Long-Term Lease - 2 Units: Annual Leases **Investment Highlights:** - **Consistent Income Stream:** $7,700/month across all units - **Strong Tenant Mix:** Stable occupancy with a blend of long-term and annual leases - **Low Overhead:** Reasonable monthly maintenance and property tax obligations - **Prime Location:** - Steps from Stamford's premier shopping, dining, and entertainment - Easy access to Metro-North and Amtrak for seamless NYC and other destinations - High-demand rental area with strong appreciation trends **Why This Portfolio Stands Out:** This downtown goldmine is ideal for investors seeking a hands-off, income-generating asset in a thriving location.

Listing Status:
Active
Date Added:
March 15, 2025 at 04:02AM
Listing Office:
Douglas Elliman of Connecticut : (203) 622-4900
Listing Agent:
Richard Esman : (914) 715-4227
MLS ID:
24077913
  • Appliances: Gas CooktopOven/RangeRefrigeratorFreezerDishwasher
  • Laundry: Common Laundry Area
  • Basement: FullShared Basement
  • A/C: Wall Unit
  • Heating: RadiatorNatural Gas
  • Fireplace: Fireplaces: 0
  • General: Balcony
  • Style: Mid Rise
  • Parking: Parking spaces: 2
  • HOA Amenities: Grounds MaintenanceTrash PickupHeat1452.0Monthly
  • County: Fairfield
  • Zoning: MZN999999999
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Richard Esman, Douglas Elliman of Connecticut

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hart School

61 Adams Ave, Stamford, CT, 06902

Grades KG-5

0.35 miles away

R

Rippowam Middle School

381 High Ridge Rd, Stamford, CT, 06905

Grades 6-8

1.88 miles away

W

Westhill High School

125 Roxbury Rd, Stamford, CT, 06902

Grades 9-12

2.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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