700 Summer Street Active Save Request In-Person Tour Request Virtual Tour
Stamford,CT 09605
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 2,125 sqft
Price per Sqft $564
MLS Listing ID 24077913
Style Mid Rise
Bedrooms 4
Full Baths 3
HOA Fees $1,452/mo
Year Built 1961
Annual Tax Amount $5,929
Property Sub-Type Condominium
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.
Location
State CT
County Fairfield
Zoning MZN
Rooms
Basement Full,Shared Basement
Interior
Heating Radiator
Cooling Wall Unit
Exterior
Exterior Feature Balcony
Parking Features None,Unassigned Parking
Waterfront Description Not Applicable
Building
Lot Description City Views
Sewer Public Sewer Connected
Water Public Water Connected
Level or Stories 1
Schools
Elementary Schools Davenport Ridge
Middle Schools Rippowam
High Schools Westhill
Others
Pets Allowed No