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4387 SIBLEY BAY ST Port Charlotte, FL 33980
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Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $146
Subdivision Seward Add Char Hrbr
MLS Listing ID C7469386
Sold Date 02/08/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1978
Annual Tax Amount $15,733
Lot Size 0.680 Acres
Acres 0.68
Lot Dimensions 275x107
Property Description
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.
Location
State FL
County Charlotte
Community Seward Add Char Hrbr
Zoning CHNBR
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Appliance Microwave, Refrigerator
Exterior
Parking Features Parking Spaces - 19 to 30
Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected
Roof Type Shingle
Building
Lot Description FloodZone, Street Lights, Paved
Story 1
Entry Level One
Foundation Stem Wall
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Construction Status No Contingency
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with SWOYER REALTY LLC