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Property Description

Investment Sale: 3 condos for sale being sold as one entity and may not be spilt up Property Overview: Price: $1,300,000 Rent Roll: $ 6,675 (monthly) Total Beds: 6 Total Baths: 3 Approx. SF: 2,125 Monthly Maintenance Fee: $1,452 Annual Taxes: $9,789 Units: 3 (2-bedroom,) Lease Types: One unit has a long-term lease. Two units have annual leases. Location: Downtown Stamford, a prime area for businesses, shopping, dining, and easy access to transit and New York City. Investment Potential: Rental Income: You’ll benefit from steady cash flow with two units on annual leases and one on a long-term lease. This provides a balanced income structure, with flexibility if one lease term changes. Appreciation Potential: Stamford is experiencing urban development and is located close to New York City, which could lead to increased property values. Over time, the property could appreciate as the city continues to grow and improve. Diversification: The mix of lease types (long-term and annual) helps mitigate risks. You won’t be locked into one kind of lease agreement, offering a hedge against potential market shifts. This property may offer a solid opportunity for an investor looking for steady income and potential long-term growth, especially given Stamford’s proximity to NYC and its ongoing development.

Address Map
US
CT
Fairfield
Stamford
09605
Summer
700
0
E0° 0' 0''
N0° 0' 0''
Features
: Wall unit
: Radiator
: Full, Shared basement
: None, Unassigned Parking
MLS Addon
: Not applicable
: Oven/range, Refrigerator, Dishwasher, Freezer, Gas cooktop
: Grounds maintenance, Trash pickup, Heat
700 Summer Street Stamford, Public Street Parking
: Public water connected
65
Westhill
Per Board of Ed
Rippowam
: Balcony
Monthly
$1,452
0
: Natural gas
Richard Esman
DECT130
Douglas Elliman of Connecticut
: Library, Public rec facilities, Medical facilities, Walk to bus lines, Public transportation, Commuter bus, Health club, Playground/tot lot
: No/resale
2
999999999
: No
: Public sewer connected
July 2024-June 2025
0
113
0
0
Mid Rise
MZN

Listing courtesy of Richard Esman from Douglas Elliman of Connecticut

    Condo/co-op For Sale For Sale

    700 Summer, Stamford, Connecticut 09605

    4 Bedrooms
    3 Bathrooms
    2,125 Sqft
    $1,300,000
    Listing ID #24077913
    Basic Details
    Property Type : Condo/co-op For Sale
    Listing ID : 24077913
    Price : $1,300,000
    Bedrooms : 4
    Baths Total : 3
    Bathrooms : 3
    Half Bathrooms : 0
    Square Footage : 2,125 Sqft
    Year Built : 1961
    Lot Area : 0 Acre
    Status : Active
    Property Sub Type : Condominium
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