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700 Summer StreetStamford, CT 09605

For Sale

$1,198,888

Smart Buyer Rebate $11,989

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

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Douglas Elliman of Connecticut

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(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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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.