1450 E GIBSON STREET at

1450 E GIBSON STREET

For sale Days on market 18

$4,900,000

$196/sq ft

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Overview

Bedroom

Year Built

1983

Sqft

24987

Property Type

Multi Family

Property Description

Welcome to Gibson Street Apartments, a 34-unit multifamily community located at 1450 East Gibson Street. This income-producing property features 7 solid block buildings, each built on slab foundations and recently updated with new roofs. Most units have been renovated, and every unit includes a refrigerator, microwave, and stove. All utilities are individually metered, including electric and water, and the property is connected to city water and sewer. A common-area laundry room is located on-site, though it is not currently in active use. This is a well-positioned opportunity for investors seeking stable income with strong value-add by activating the laundry room and upgrading the remaining classic units. The location offers strong rental appeal with key amenities just minutes away. Within one mile, you’ll find DeSoto County Hospital, DeSoto County High School, and the South Florida State College campus, making this an ideal setting for long-term tenants, students, and local workforce housing.

Property Details

MLS#

C7518538

Address

1450 GIBSON E

City

ARCADIA

State/county

Zip/Postal Code

34266

Area

Gilchrists East End Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$29,670

Maint Fee

$--

Tax Year

2024

Microwave

Range

Refrigerator

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