700 Summer St Stamford, CT, 09605

condo home in 700 Summer
$ 1,198,888 For Sale Active Mar 3, 2025
  • 4 beds
  • 3 baths
  • 2,125 sq ft
  • 1961 year built

About the Home

### **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.

Rooms & Interior

4 bedrooms beds
3 full baths
2,125 square feet sq ft

Room Details

  • Bedroom (Main Level)
  • Bedroom (Main Level)
  • Bedroom (Main Level)
  • Primary Bedroom (Main Level)

Home Features

Heating

  • Heating: radiator
  • Heat fuel type: natural gas

Cooling

  • Wall unit

Appliances

  • Gas cooktop
  • Oven/range
  • Refrigerator
  • Freezer
  • Dishwasher

Basement

  • Full
  • Shared basement

Laundry

  • Location: basement level
  • Common laundry area

Exterior Features

  • Balcony

Property Details

Parking

  • None
  • Unassigned parking

Lot Details

  • City views

Utilities

  • Water: public water connected
  • Sewage: pub. sewer connected

Near-by Amenities

  • Commuter bus
  • Health club
  • Library
  • Medical facilities
  • Playground/tot lot
  • Private rec facilities
  • Public transportation
  • Walk to bus lines

HOA Fee

  • $ 1,452 monthly

Construction Details

Style
mid rise

Construction year
1961

Exterior Siding
brick


- Condo Complex - 700 Summer

Unit types
high-rise

Bedrooms
studios & 1, 2 beds

Year built
1961

Facilities
elevator / guest parking

2 homes for sale / $308K med. price
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Area & Town

This home is located in Downtown Stamford neighborhood, in the town of Stamford.

Finance & Listing Info

Status Active
Listing date March 03, 2025
List price $ 1,198,888
Current price $ 1,198,888
Tax amount $ 5,929
Tax year july 2024-june 2025
MLS ID #24077913
List Agent Richard Esman
List Office Douglas Elliman of Connecticut

700 Summer Street Home Photos

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