$1,300,000
700 Summer St, Stamford, CT 06901
- 4Beds
- 3Baths
- 2125SqFt
- 4Beds
- 3Baths
- 2125SqFt
- Property TypeCondo
- Year Built1961
- HOA Fees$1452/mo
- Price per Sqft$612
- On highrises32 Days
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 4
- Bedroom 1 Level: Main
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Richard Esman
- Brokered by:
- Douglas Elliman CT LLC
- (203) 622-4900
