4387 SIBLEY BAY ST #1-10, PORT CHARLOTTE, FL, 33980
$1,200,000
Residential
Bedrooms
2
Bathrooms
1
Living Area
7,700 Sqft
Lot Size
29,413 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRTB8554675 Year Built: 1978
Appliances: Microwave, Refrigerator Association Fee Includes: None
Community Features: Pool Construction Materials: Block, Stucco
Cooling: Central Air Country: US
County Or Parish: Charlotte Direction Faces: North
Exterior Features: Lighting Flooring: Carpet, Ceramic Tile
Foundation Details: Stem Wall Furnished: Unfurnished
Heating: Central Laundry Features: Common Area
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Lot Features: FloodZone, Paved
Occupant Type: Tenant Other Equipment: Irrigation Equipment
Pool Features: In Ground Possession: Close Of Escrow
Property Sub Type: Condominium Property Type: Residential
Road Responsibility: Public Maintained Road Road Surface Type: Paved
Roof: Shingle Security Features: Smoke Detector(s)
Sewer: Public Sewer Showing Requirements: 24 Hour Notice
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Available, Phone Available, Public, Water Connected
Water Source: Public Window Features: Aluminum Frames, Blinds
Rooms Rooms
Primary Bedroom: Kitchen:
Bathroom 1: Living Room:
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