CT > Stamford
Stamford, CT 09605,700 Summer Street
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Keith Evans

Keith Evans

+1(203) 733-4212
$1,198,888
Est. payment /mo
4 Beds
3 Baths
2,125 SqFt
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UPDATED:

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

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Listed by Richard Esman • Douglas Elliman of Connecticut
Keith Evans
Keith Evans

Sales Vice President | License ID: REB.0757407

+1(203) 733-4212 | keith.evans@raveis.com

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