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(386) 960-0076
Stork Real Estate
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
- MLS#
- TB8554675
- Type
- Condo
- Property Style
- Condo
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 7,700
- Lot Size
- 29,413
- Subdivision
- Charlotte Harbor
- Year Built
- 1978
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
- Condo Maint. Fee
- $199
- Condo Maint. Fee Schedule
- Monthly
- Community Features
- Pool, No Deed Restriction
- Style
- One Story
- Exterior Construction
- Block, Stucco
- Mnthly. Maint. Incl.
- None
- Interior
- Ninguno
- Interior Features
- Ninguno
- Appliances
- Microwave, Refrigerator
- Exterior
- Lighting
- Roof
- Shingle
- Located Near
- FloodZone, Paved
- Utilities
- Electricity Available, Phone Available, Public, Water Connected
- Floor
- Carpet, Ceramic Tile
- Heating
- Central
- Cooling
- Central Air
- Pool
- Yes
- Pool Type
- Community, Private
Listing courtesy of SELLSTATE COASTAL REALTY.
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