### **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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