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Stamford,CT 09605
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 2,125 sqft
Price per Sqft $611
MLS Listing ID 24077913
Style Mid Rise
Bedrooms 4
Full Baths 3
HOA Fees $1,452/mo
Year Built 1961
Annual Tax Amount $9,789
Property Sub-Type Condominium
Property Description
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.
Location
State CT
County Fairfield
Zoning MZN
Rooms
Basement Full,Shared Basement
Interior
Heating Radiator
Cooling Wall Unit
Exterior
Exterior Feature Balcony
Parking Features None,Unassigned Parking
Waterfront Description Not Applicable
Building
Lot Description City Views
Sewer Public Sewer Connected
Water Public Water Connected
Level or Stories 1
Schools
Elementary Schools Davenport Ridge
Middle Schools Rippowam
High Schools Westhill
Others
Pets Allowed No