700 Summer St Stamford, CT, 09605

condo home in 700 Summer
$ 1,300,000 For Sale Active Mar 3, 2025
  • 4 beds
  • 3 baths
  • 2,125 sq ft
  • 1961 year built

About the Home

**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.

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 $ 1,300,000
Current price $ 1,300,000
Tax amount $ 9,789
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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