Sold
4387 SIBLEY BAY ST
PORT CHARLOTTE FL, 33980
$1,125,000
$146.10 per sqft
Sold
7,700 sqft
Commercial
Built in 1978
TERRIFIC STEADY INCOME GENERATOR! 10 unit apartment complex consisting of 8 one-bedroom units (approx. 750 SF) and 2 two-bedroom units (approx. 850 SF). Central swimming pool, completely refurbished in 2017. Two income-producing laundry rooms, with 3 of 4 coin-op machines brand new in 2021. WALKING DISTANCE to the new Sunseeker Resort! When Sunseeker opens, these apartments will be an ideal, convenient home for employees. Vacancies are already rare and easily filled, due to a severe shortage of smaller apartments in the area. Rents are currently below-market with plenty of upside. NEW ROOF completed since Hurricane Ian! Storm damage to roof was very minor with no leaks, but entire roof was replaced due to age. Screened enclosures (patios and pool) are still being repaired since the storm, so old photos are being used temporarily. Listing agent is owner/manager. 5 units left of pool are listed by USPS as 4387 Sibley Bay St., Apts A-E, Port Charlotte 33980. 5 units right of pool are listed by USPS as 4390 Jackson St., Apts A-E, Punta Gorda 33980. (In reality, the complex is fully contained within Charlotte Harbor, which has no post office.) Lot dimensions are estimated, buyer to verify information.
C7469386
MLSⓇ ID
January 1, 2023
Listed
March 22, 2024
Updated
Map
4387 SIBLEY BAY ST
PORT CHARLOTTE FL, 33980
Interior Features
Total Stories
1
Appliances
Microwave, Refrigerator
Floor Description
Carpet, Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.68 Acres
Lot Features
Flood Zone, Street Lights, Paved
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33980 - Port Charlotte
Taxes
$15,733
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking
Parking Spaces - 19 to 30
View
No
County
Charlotte
Municipality
40
Water Source
Public
Pool
No
Zoning
CHNBR
Buyer Agency Compensation
2.5%
Listed by Eric Eisen, with SWOYER REALTY LLC
Listing Contact: 941-505-2291
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Data last updated 3/22/2024, 5:47 AM UTC