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: $9, 789 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 Connecticut's 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 you're 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.
Property Features
Bedrooms
- Bedrooms: 4
- Bedroom 1 Level: Main
Other Rooms
- Total Rooms: 8
- Basement Description: Full, Shared Basement
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Appliances
- Gas Cooktop
- Oven/Range
- Refrigerator
- Freezer
- Dishwasher
- Laundry Features: Location: Basement Level, Common Laundry Area
Heating and Cooling
- Cooling Features: Wall Unit
- Heating Features: Heat Fuel Type: Natural Gas, Heat Type: Radiator
- Heating Fuel: Natural Gas
- Water Heaters: Natural Gas, Domestic
Exterior and Lot Features
Land Info
- Lot Description: City Views
Garage and Parking
- Garage Description: Unassigned Parking
- Parking Features: 2
Amenities and Community Features
- Commuter Bus
- Health Club
- Library
- Medical Facilities
- Playground/Tot Lot
- Public Rec Facilities
- Public Transportation
- Walk to Bus Lines
Homeowners Association
- Association: Yes
- Association Fee: 1452
- Association Fee Frequency: Monthly
- Association Fee Includes: Grounds Maintenance, Trash Pickup, Heat
- Calculated Total Monthly Association Fees: 1452
- Pets Allowed: No
School Information
- Elementary School: Davenport Ridge
- High School: Westhill
Multi-Unit Info
Condo Info
- Unit Floor In Building: 1
Other Property Info
- Annual Tax Amount: 9789
- Source Listing Status: Active
- County: Fairfield
- Directions: 700 Summer Street Stamford, Public Street Parking available
- Source Property Type: Condo/Co-Op For Sale
- Property Subtype: condo
- Source Neighborhood: Mid City
- Zoning: MZN
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2125
- Year Built: 1961
- Above Grade Finished Area: 2125
- Building Exterior Type: Brick
- Building Name: Summer Condominium (700)
- Construction Materials: Brick
- Levels: 1
- Property Age: 64
- House Style: Mid Rise
- Total Area Sqft: 2125
Utilities
- Sewer: Public Sewer Connected
- Water Source: Public Water Connected