4387 SIBLEY BAY STREET

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.