Downtown Goldmine: 3 Condos, $7,700 Monthly Income, One Smart Investment **Investment Opportunity: Portfolio of 3 Condos in Prime Downtown Stamford - Offered as a Single Package** **Listing Price:** $1,198,888 **Monthly Rent Roll:** $7,700 **Total Units:** 3 (All 2-Bedroom, 1-Bath) **Total Living Space:** Approx. 2,125 Sq Ft **Monthly Maintenance Fees:** $1,452 **Annual Property Taxes:** $5,929 **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:** $7,790/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.
Listed by Richard Esman
·
Douglas Elliman of Connecticut
·
(914) 715-4227
Last updated September 03, 2025
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Source: SmartMLS #24077913
Listing Facts
TypeCondo
NeighborhoodDowntown Stamford Historic District
Bedrooms4
Bathrooms3
Days on Prevu187
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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