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700 Summer StreetStamford, CT 09605

For Sale

$1,198,888

Smart Buyer Rebate $11,989

### **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.

Listed by Richard Esman

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Douglas Elliman of Connecticut

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(914) 715-4227

Last updated October 10, 2025

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Source: SmartMLS #24077913

Listing Facts

  • TypeCondo
  • NeighborhoodDowntown Stamford Historic District
  • Bedrooms4
  • Bathrooms3
  • Days on Prevu234
  • HOA/Maint. Fees$1,452/month
  • Taxes$5,929/year
  • Size2,125 sqft
  • Price per sqft$564

Amenities

  • Laundry in Building

Location

Mortgage Calculator

Listing History

08/02/2025
Price Decreased
$1,198,888
03/03/2025
Listed by Douglas Elliman of Connecticut
$1,300,000

Property Details for 700 Summer Street

Association

Fees

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Heat

Exterior

Construction

  • New Construction: No/Resale
  • Number Of Units Total: 113
  • Year Built: 1961
  • Year Built Details: Public Records
  • Architectural Style: Mid Rise
  • Construction Materials: Brick
  • Exterior Features: Balcony

Features

  • Waterfront Features: Not Applicable

Measurements

  • Lot Features: City Views

Financial

Taxes

  • Parcel Number: 999999999
  • Tax Annual Amount: $5,929.00
  • Tax Year: 24

Interior

Features

  • Appliances: Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher

Rooms

  • Basement: Full, Shared Basement
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Rooms Total: 8

Parking

Parking

  • Attached Garage: None, Unassigned Parking
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Davenport Ridge

High School

  • High School: Westhill

Middle or Junior School

  • Middle Or Junior School: Rippowam

Utilities

Equipment

  • Cooling: Wall Unit
  • Heating: Radiator
  • Laundry Features: Common Laundry Area
  • Sewer: Public Sewer Connected
  • Water Source: Public Water Connected

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.