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

Est. Mortgage $6,659/mo *

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

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8 rooms

4 beds

3 Full baths

1961

Mid Rise

2,125 sqft

Investment Sale: 3 condos for sale being sold as one entity and may not be spilt up Property Overview: Price: $1,300,000 Rent Roll: $ 6,675 (monthly) Total Beds: 6 Total Baths: 3 Approx. SF: 2,125 Monthly Maintenance Fee: $1,452 Annual Taxes: $9,789 Units: 3 (2-bedroom,) Lease Types: One unit has a long-term lease. Two units have annual leases. Location: Downtown Stamford, a prime area for businesses, shopping, dining, and easy access to transit and New York City. Investment Potential: Rental Income: You'll benefit from steady cash flow with two units on annual leases and one on a long-term lease. This provides a balanced income structure, with flexibility if one lease term changes. Appreciation Potential: Stamford is experiencing urban development and is located close to New York City, which could lead to increased property values. Over time, the property could appreciate as the city continues to grow and improve. Diversification: The mix of lease types (long-term and annual) helps mitigate risks. You won't be locked into one kind of lease agreement, offering a hedge against potential market shifts. This property may offer a solid opportunity for an investor looking for steady income and potential long-term growth, especially given Stamford's proximity to NYC and its ongoing development.

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:

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:

Pet Allowed:

Appliances:

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

MLS #:

24077913

Community Info

School Info

Walk Score

Mass Transit

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Diane Bonney - The Diane Bonney Team

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

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

Community Info

School Info

Walk Score

Mass Transit

Yelp

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

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

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