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700 Summer Street, Stamford CT 09605
Current Price: $1,300,000
4 beds
3 baths
2125 sq. ft
Last Update: 6/21/2025
Property Type: Condo/Co-Op For Sale
**Investment Opportunity: Portfolio of 3 Condos in Prime Downtown Stamford - Offered as a Single Package** **Listing Price:** $1,300,000 **Monthly Rent Roll:** $7,675 **Total Units:** 3 (All 2-Bedroom, 1-Bath) **Total Living Space:** Approx. 2,125 Sq Ft **Monthly Maintenance Fees:** $1,452 **Annual Property Taxes:** $5,929 **Lease Terms:** * 1 Unit: Long-Term Lease * 2 Units: Annual Leases **Property Overview:** An attractive investment package consisting of three income-producing condos, being sold as a single entity (not available individually). Located in the heart of **Downtown Stamford**, this offering provides immediate cash flow, diversification of lease terms, and long-term growth potential in one of Connecticuts most dynamic urban centers. **Prime Location:** Situated in Downtown Stamford, the property is surrounded by top-tier amenities including shopping, dining, and entertainment. With convenient access to major transit routes and a direct train line to New York City, this area is a hotbed for both residential demand and long-term appreciation. **Investment Highlights:** **Stable Income Stream:** $7,675/month in rental income across three units. With two annual leases and one long-term tenant in place, the current rent roll offers consistent cash flow with a balanced lease structure.
Diversified Lease Structure: A mix of long-term and annual leases reduces risk exposure, offering flexibility and protection against market shifts or vacancy fluctuations. Summary: This is a compelling opportunity for investors seeking reliable income with strong upside potential. Whether youre expanding your portfolio or entering the Stamford market, this bundled condo package offers a rare chance to secure a foothold in a thriving, commuter-friendly urban center.
700 Summer Street Stamford, Public Street Parking available
MLS #: 24077913
Style: Mid Rise
Color:
Total Rooms:
Bedrooms: 4
Bathrooms: 3
Acres: 0
Year Built: 1961 (Public Records)
New Construction: No/Resale
Home Warranty Offered:
Property Tax: $5,929
Zoning: MZN
Mil Rate:
Assessed Value: $609,144
Potential Short Sale:
Square Footage: Estimated HEATED Sq.Ft. above grade is 2125; below grade sq feet total is ; total sq ft is 2125
Appliances Incl.: | Gas Cooktop,Oven/Range,Refrigerator,Freezer,Dishwasher |
Laundry Location & Info: | Common Laundry Area Basement Level |
Fireplaces: | 0 |
Basement Desc.: | Full,Shared Basement |
Exterior Siding: | Brick |
Exterior Features: | Balcony |
Parking Spaces: | 0 |
Garage/Parking Type: | None,Unassigned Parking |
Swimming Pool: | 0 |
Waterfront Feat.: | Not Applicable |
Lot Description: | City Views |
Nearby Amenities: | Commuter Bus,Health Club,Library,Medical Facilities,Playground/Tot Lot,Public Rec Facilities,Public Transportation,Walk to Bus Lines |
Occupied: | Tenant |
HOA Fee Amount 1452
HOA Fee Frequency: Monthly
Association Amenities: .
Association Fee Includes:
Hot Water System
Heat Type:
Fueled By: Radiator.
Cooling: Wall Unit
Fuel Tank Location:
Water Service: Public Water Connected
Sewage System: Public Sewer Connected
Elementary: Davenport Ridge
Intermediate: Per Board of Ed
Middle: Rippowam
High School: Westhill
Current List Price: $1,300,000
Original List Price: $1,300,000
DOM: 109
Listing Date: 3/3/2025
Last Updated: 3/15/2025 4:02:34 AM
List Agent Name: Richard Esman
List Office Name: Douglas Elliman of Connecticut