Price Reduced 7.78%

$1,198,888 ($564.18 per sqft)

Est. Mortgage $5,828/mo *

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Listing courtesy of Richard Esman (914) 715-4227, Douglas Elliman of Connecticut (203) 622-4900

Price History

$1,300,000
3/3/2025

$1,198,888
8/1/2025

700 Summer Street, Stamford, (Mid City), CT, 09605

700 Summer Street, Stamford, (Mid City), CT, 09605
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8 rooms

4 beds

3 Full baths

1961

Mid Rise

2,125 sqft

### **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. Summary: Whether you're expanding your portfolio or entering the Stamford market, this three-unit condo package delivers a balanced investment with strong upside potential. With stable tenants in place and a location poised for continued growth, this is a smart move for any serious investor.

Status:

Active

Town:

Stamford

Type:

Condo

Laundry Remarks:

Common Laundry Area

Units:

113

Zoning:

MZN

Complex:

Summer Condominium (700)

Garage:

None, Unassigned Parking

Heating:

Radiator

Cooling:

Wall Unit

Basement:

Full, Shared Basement

Levels:

1

Parking:

2-car

Common Charge:

$1,452 Monthly

Est. Taxes:

$5,929

Assessment

$609,144

HOA Fee

$1,452

Lot Description:

City Views

Elementary School:

Davenport Ridge

Middle School:

Per Board of Ed

High School:

Westhill

Days on Market:

281

Pet Allowed:

No

Appliances:

Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher

MLS #:

24077913

Community Info

School Info

Walk Score

Mass Transit

Yelp

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