List Price

$1,300,000

Status

Active

Type

Condo/Co-Op

Beds

4

Baths

3

Sq. Ft.

2,125

Built

1961

HOA

$1,452

$ / Sq. Ft.

$612

FeeKeeper

20

Style

Mid Rise

Taxes

$9,789

Nearby Schools
Neighborhood
Tranquility
Market Insights
Property History

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: 5 Total Baths: 3 Approx. SF: 2,125 Monthly Maintenance Fee: $1,452 Annual Taxes: $9,789 Units: 3 (Two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit) 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.

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Estimated rebate calculated using List Price and co-broker commission offered on the MLS. Realtor commission rebates are not available where prohibited by law. See full Terms and Conditions .

$32,500

Commission structure not available, using default of 2.5%

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Questions

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(860) 310-1255

Brokered By

Richard Esman, Douglas Elliman of Connecticut

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  • Last MLS Update 8 Days

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