$1,300,000

700 Summer St Stamford, CT 06901

Downtown Stamford Neighborhood

Estimated payment $9,146/month

Total Views 7,441
4 Beds
3 Baths
2,125 Sq Ft
$612 Price per Sq Ft

Highlights

  • City View
  • Balcony
  • Laundry Facilities
  • Property is near public transit
  • Public Transportation

About This Home

**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:** $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:** $7,675/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.

Listing Agent

Richard Esman

Douglas Elliman of Connecticut License #RES.0805297 Listed on: 03/03/2025

Douglas Elliman of Connecticut

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,929

Year Built

  • Built in 1961

HOA Fees

  • $1,452 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Masonry Siding

Interior Spaces

  • 2,125 Sq Ft Home
  • City Views

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Outdoor Features

  • Balcony

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Davenport Ridge Elementary School
  • Rippowam Middle School
  • Westhill High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, heat
  • 113 Units
  • Mid-Rise Condominium
  • Property managed by Country Club Management

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,929

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,452 per month

Listing Details

  • Neighborhood: Mid City
  • Property Type: Condo/Co-Op For Sale
  • Style: Mid Rise
  • Sq Ft Est Heated Above Grade: 2125
  • Total Sq Ft: 2125
  • Year Built: 1961
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Health Club, Library, Medical Facilities, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Remarks Public Addendum: 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.
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Unit On Floor Number: 1
  • Directions: 700 Summer Street Stamford, Public Street Parking available
  • In Law Apartment: No
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Shared Basement
  • Appliances: Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher
  • Laundry Room Location: Basement Level
  • Laundry Room Info: Common Laundry Area
  • Attic: No
  • Street Number Modifier: 700
  • Other SqFt Description: 1K 650 sq ft: Unit 1L 625 sq ft: Unit 1M 850 sq ft

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Brick
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Total Parking Spaces: 2
  • Garage And Parking: None, Unassigned Parking

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Heat
  • Levels In Unit: 1
  • HOA Fees: 1452
  • HOA Fee Frequency: Monthly
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Country Club Management
  • Total Number of Units In Complex: Summer Condominium (700)

Schools

  • Elementary School: Davenport Ridge
  • Middle School: Rippowam
  • High School: Westhill
  • Intermediate School: Per Board of Ed

Lot Info

  • Lot Description: City Views
  • Zoning: MZN
  • Parcel #: 999999999

Rental Info

  • Pets Allowed: No

Multi Family

  • Total Number Of Units: 113

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5929
  • Total Assessed Value: 609144
  • Mil Rate Total: 23.36

MLS Schools

  • Elementary School: Davenport Ridge
  • Middle Jr High School: Rippowam
  • High School: Westhill

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 For Sale $1,300,000 -- $612 / Sq Ft
Source: SmartMLS

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Source: SmartMLS

MLS Number: 24077913

SmartMLS

Connecticut Fairfield County Stamford 06901 Downtown Stamford

700 Summer St, Stamford, CT

This home is located at 700 Summer St, Stamford, CT 06901 and is currently priced at $1,300,000, approximately $611 per square foot. This property was built in 1961. 700 Summer St is a home located in Fairfield County with nearby schools including Stillmeadow Elementary School, Dolan School, and Westhill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Richard Esman
Listing Agent
Richard Esman
Section Image
Douglas Elliman of Connecticut
(203) 652-8137