$1,300,000 ($611.76 per sqft)

Est. Mortgage $6,659/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

700 Summer Street, Stamford, (Mid City), CT, 09605

700 Summer Street, Stamford, (Mid City), CT, 09605
View larger map Directions

8 rooms

4 beds

3 Full baths

1961

Mid Rise

2,125 sqft

**Investment Opportunity: Portfolio of 3 Condos in Prime Downtown Stamford - Offered as a Single Package** **Listing Price:** $1,300,000 **Monthly Rent Roll:** $7,675 **Total Units:** 3 (All 2-Bedroom, 1-Bath) **Total Living Space:** Approx. 2,125 Sq Ft **Monthly Maintenance Fees:** $1,452 **Annual Property Taxes:** $9,789 **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:** $7,675/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. Diversified Lease Structure: A mix of long-term and annual leases reduces risk exposure, offering flexibility and protection against market shifts or vacancy fluctuations. Summary: This is a compelling opportunity for investors seeking reliable income with strong upside potential. Whether you're expanding your portfolio or entering the Stamford market, this bundled condo package offers a rare chance to secure a foothold in a thriving, commuter-friendly urban center.

Status:

Active

Town:

Stamford

Type:

Condo

Laundry Remarks:

Common Laundry Area

Units:

113

Zoning:

MZN

Complex:

Summer Condominium (700)

Garage:

None, Unassigned Parking

Heating:

Radiator

Cooling:

Wall Unit

Basement:

Full, Shared Basement

Levels:

1

Parking:

2-car

Common Charge:

$1,452 Monthly

Est. Taxes:

$9,789

Assessment

$609,144

HOA Fee

$1,452

Lot Description:

City Views

Elementary School:

Davenport Ridge

Middle School:

Per Board of Ed

High School:

Westhill

Days on Market:

71

Pet Allowed:

No

Appliances:

Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher

MLS #:

24077913

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$1,395,000

2 beds

2.5 baths

1,950 sqft

52 Brookside Drive, #A, Greenwich, CT, 06830

$1,219,000

3 beds

3.5 baths

2,527 sqft

77 Havemeyer Lane, #107, Stamford, (Westover), CT, 06902

$1,195,000

3 beds

2.5 baths

2,481 sqft

76 Greenwich Hills Drive, Greenwich, (Glenville), CT, 06831

$1,225,000

2 beds

2.5 baths

1,511 sqft

51 Forest Avenue, #APT 44, Greenwich, (Old Greenwich), CT, 06870

$1,425,000

4 beds

3.5 baths

3,220 sqft

77 Havemeyer Lane, #53, Stamford, CT, 06902

$1,375,000

3 beds

3.5 baths

2,806 sqft

205 Main Street, #APT 36, New Canaan, CT, 06840

$1,250,000

3 beds

2.5 baths

1,533 sqft

183 South Avenue, #25, New Canaan, CT, 06840

$1,175,000

3 beds

3.5 baths

3,730 sqft

10 Old Pasture Drive, #10, Danbury , (Mill Plain), CT, 06810

$1,285,000

2 beds

2.5 baths

2,077 sqft

77 Havemeyer Lane, #426, Stamford, (Westover), CT, 06902

$1,225,000

4 beds

3.5 baths

1,831 sqft

79 Oak Ridge Street, Greenwich, (Chickahominy), CT, 06830

$1,375,000

2 beds

2 baths

1,240 sqft

160 Park Street, #103, New Canaan, CT, 06840

$1,250,000

2 beds

2.5 baths

1,550 sqft

77 Havemeyer Lane, #416, Stamford, (Palmers Hill), CT, 06902

$1,275,000

3 beds

4.5 baths

3,248 sqft

118 Barnes Road, #118, Stamford, (Mid City), CT, 06902

$1,299,000

3 beds

3 baths

2,676 sqft

329 Reef Road, Fairfield, (Beach), CT, 06824

$1,425,000

2 beds

2 baths

1,184 sqft

89 River Road, #303, Greenwich, (Cos Cob), CT, 06807

$1,251,000

2 beds

2 baths

1,284 sqft

20 Church Street, #B15, Greenwich, CT, 06830

New or Coming Soon Properties

New Listing!

$1,250,000

2 beds

2.5 baths

1,611 sqft

147 Holly Hill Lane, #2, Greenwich, CT, 06830

$1,050,000

3 beds

2.5 baths

2,350 sqft

6 Oyster Landing Road, #6, Milford, CT, 06460

New Listing!

$1,150,000

1 beds

1 baths

1,020 sqft

785 Post Road East, #305, Westport, (In-Town), CT, 06880

New Listing!

$1,295,000

3 beds

3 baths

2,795 sqft

205 Main Street, #APT 9, New Canaan, CT, 06840

New Listing!

$1,385,000

2 beds

2.5 baths

1,201 sqft

785 Post Road East, #301, Westport, (In-Town), CT, 06880

$1,549,000

2 beds

2.5 baths

2,330 sqft

41 Jelliff Mill Road, #41, New Canaan, CT, 06840

Coming Soon!

$1,095,000

4 beds

2.5 baths

3,481 sqft

19 Getner Trail, #19, Norwalk, (Brookside), CT, 06854

New Listing!

$1,325,000

3 beds

2.5 baths

2,863 sqft

38 Heritage Hill Road, #38, New Canaan, CT, 06840

Copyright ©2025 SmartMLS, Inc.
Listing courtesy of Richard Esman, Douglas Elliman of Connecticut Email: Richard.Esman@Elliman.com