About 700 Summer Street
### **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.
Features of 700 Summer Street
| MLS® # | 24077913 |
|---|---|
| Price | $1,198,888 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,125 |
| Type | Condo/Co-Op For Sale |
| Sub-Type | Condominium |
| Style | Mid Rise |
| Status | Active |
Community Information
| Address | 700 Summer Street |
|---|---|
| Area | Mid City |
| City | Stamford |
| County | Fairfield |
| State | Connecticut |
| Zip Code | 09605 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | None, Unassigned Parking |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Appliances | Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher |
|---|---|
| Heating | Radiator, Natural Gas |
| Cooling | Wall Unit |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | Yes |
| Basement | Full, Shared Basement |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Balcony |
| Lot Description | City Views |
School Information
| Elementary | Davenport Ridge |
|---|---|
| Middle | Rippowam |
| High | Westhill |
Additional Information
| Date Listed | March 15th, 2025 |
|---|---|
| Days on Market | 221 |
| Zoning | MZN |
| RE / Bank Owned | No |
| HOA Fees | 1452 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Douglas Elliman of Connecticut |
|---|