700 Summer
Stamford, CT 09605

Property

Ownership: Condo
Type: Condo
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No
Area: 2125 sq ft

Financials

Price:$1,198,888
Annual Taxes:$5,929
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Richard Esman of Douglas Elliman of Connecticut

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 ...

Description

### **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.

Amenities

  • Balcony
  • Dishwasher
  • Elementary School - Davenport Ridge
  • Freezer
  • Gas Cooktop
  • High School - Westhill
  • Intermediate School - Per Board of Ed
  • Oven/Range
  • Refrigerator
  • Wall Unit

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