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

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