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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

Public Remarks

**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.

Map to Property at 700 Summer Street, Stamford CT 09605


700 Summer Street Stamford, Public Street Parking available

Residential Property Information for 700 Summer Street, Stamford CT 09605

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

Features
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 Information

HOA Fee Amount 1452

HOA Fee Frequency: Monthly

Association Amenities: .

Association Fee Includes:

Utility Information

Hot Water System

Heat Type:

Fueled By: Radiator.

Cooling: Wall Unit

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Davenport Ridge

Intermediate: Per Board of Ed

Middle: Rippowam

High School: Westhill

Marketing History

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

Listing Agent and Broker

List Agent Name: Richard Esman

List Office Name: Douglas Elliman of Connecticut