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+19416772620
EXP REALY LLC
4387 Sibley Bay Street Unit 1-10, Port Charlotte, FL 33980
- $1,200,000
- 2
- BD
- 1
- BA
- 7,700
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- TB8554675
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 7,700
- Subdivision
- Charlotte Harbor
Property Description
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.
Additional Information
- Year Built
- 1978
- Construction
- Block, Stucco
- Living Area
- 7,700
- Acres
- 0.68
- Interior Features
- Ninguno
- Cooling
- Central Air
- Heating
- Central
- Exterior Features
- Lighting
- Sewer
- Public Sewer
- Pool Description
- In Ground
- Stories
- 1
Listing courtesy of SELLSTATE COASTAL REALTY.
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