Presented by: Douglas Elliman CT LLCPowered by Highrises
For Sale

$1,300,000

700 Summer St, Stamford, CT 06901

  • 4Beds
  • 3Baths
  • 2125SqFt
  • 4Beds
  • 3Baths
  • 2125SqFt
  • Property Type
    Condo
  • Year Built
    1961
  • HOA Fees
    $1452/mo
  • Price per Sqft
    $612
  • On highrises
    86 Days

Property Details

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
  • Presented by:
  • Richard Esman
This listing is presented by Douglas Elliman CT LLC

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