4387 Sibley Bay Street Unit 1-10, Port Charlotte, FL 33980
- $1,200,000
- 2
- BD
- 1
- BA
- 7,700
- SqFt
- List Price
- $1,200,000
- Status
- Active
- Days on Market
- 0
- MLS#
- TB8554675
- Property Style
- Condo
- Year Built
- 1978
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 7,700
- Price per sq. ft.
- 155.84
- Lot Size
- 29,413
- Acres
- 0.68
- Total Acreage
- 1/2 to less than 1
- Building Name
- 4387
- Monthly Condo Fee
- 199
- Legal Subdivision Name
- Seward Add Char Hrbr
- Community Name
- Charlotte Harbor
- MLS Area Major
- Port Charlotte
Property Description
Excellent investment opportunity in the Punta Gorda/Port Charlotte area! This 10-unit multifamily property offers a strong combination of current income and value-add potential. The property features a mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, with several units already renovated and others partially updated, providing an opportunity for continued improvements and future rent growth. Currently, 7 units are income-producing, while the on-site superintendent occupies one unit and assists with property maintenance. The superintendent’s current lease expires December 2026, giving the new owner flexibility with future operations. Two 1BR/1BA units have been fully renovated, seven units are semi-renovated, and one 1BR/1BA unit remains unrenovated, creating additional upside potential. Conveniently located near shopping, dining, major roadways, and the growing Punta Gorda/Port Charlotte market. An attractive opportunity for an investor looking to acquire a 10-unit multifamily asset with existing cash flow, operational flexibility, and room to increase value through continued renovations and rental optimization. Financial information available upon request. Please do not disturb tenants.
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Additional Information
- Taxes
- $18870
- Maintenance Includes
- None
- Condo Fees
- $199
- Condo Fees Term
- Monthly
- Location
- FloodZone, Paved
- Community Features
- Pool, No Deed Restriction
- Property Description
- One Story
- Zoning
- CHNBR
- Interior Features
- Ninguno
- Floor
- Carpet, Ceramic Tile
- Appliances
- Microwave, Refrigerator
- Utilities
- Electricity Available, Phone Available, Public, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Lighting
- Roof
- Shingle
- Foundation
- Stem Wall
- Pool
- Community, Private
- Pool Type
- In Ground
- Floor Number
- 1
- Flood Zone Code
- 10AE
- Parcel ID
- 402226438006
- Legal Description
- JAS 000 0001 0013 JACKSON SEWARD ADD CHAR HRBR BLK 1 LTS 13 14 15 16 & 1/2 VAC ALLEY ADJ THERETO 313/844 315/868-69 557/1092-93 560/1372 997-1000 1350/1721 1668/1251 4027/276 4027/277 4179/2128
Listing courtesy of SELLSTATE COASTAL REALTY. 813-940-0101
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