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4387 SIBLEY BAY STREET UNIT 1-10

Condo/Co-op For Sale
$1,200,000

BTC: 13.99906673

ETH: 452.83018868

1 days
2 bds
1 ba
7,700 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1978
Lot:
0.68 Acres
Heating:
Central
Price/sqft:
$156
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$18,870
2025
Pool
In Ground
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Microwave

    • Refrigerator

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Irrigation System / Lighting

    Lot

    • Lot: 0.68 Acres

    Other Property Information

    • Parcel Number: 402226438006

    • Zoning: CHNBR

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Electricity Available

    • Phone Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $18,870

  • Source details

    • MLS ID: TB8554675

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Stem Wall

    • Laundry Features: Common Area

    • Lot Features: FloodZone

    • Pool Features: In Ground

    • Window Features: Aluminum Frames / Blinds

    • Direction Faces: North

    • Living Area: 7700

    • Water Source: Public

    • Lot Size Dimensions: 275 x 107

    • Subdivision Name: SEWARD ADD CHAR HRBR

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SELLSTATE COASTAL REALTY