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1450 E Gibson Street

Arcadia, FL

Listing Details

  • $4,600,000
  • MLS# C7518538
  • Type Multi Unit - Multiple
  • Status Active
  • 56
    Bedrooms
  • 24,987
    Square Feet
  • 3.350 acres
    Lot Size
  • 1983
    Year Built

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... Read more the laundry room and upgrading the remaining classic units. The location offers strong rental appeal with key amenities just minutes away. Within one mile, youll 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.

Key Features

  • Sidewalk
  • Ceiling Fans(s)
  • Open Floorplan
View All Features
1450 E Gibson Street
Arcadia, FL 34266
Subdivision
GILCHRISTS EAST END
County
De Soto
Schools
DeSoto County High School
DeSoto Middle School
Nocatee Elementary School

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 321993.00
  • Appliances: Microwave, Range, Refrigerator
  • Cooling: Central Air
  • Days on Site: 162
  • Directions: From I-75, take Exit 170 onto Kings Highway / CR-769 toward Arcadia. Head northeast on Kings Highway â?? youâ??ll be traveling into DeSoto County toward Arcadia. Continue on Kings Highway until you reach town (Arcadia).Once in Arcadia, locate East Gibson
  • Exterior: Block
  • Exterior Features: Sidewalk
  • Flood Zone Code: X
  • Flooring: Laminate, Tile
  • Foundation: Block, Slab
  • Heating: Central
  • Home Warranty Y/N: No
  • Interior Features: Ceiling Fans(s), Open Floorplan
  • Lease Terms: Twelve Months
  • Listing Terms: Cash, Conventional
  • Lot Dimensions: 3.35
  • Lot Size: 3.35 Acres
  • Ownership: Fee Simple
  • Pets Allowed: Yes
  • Property Attached Y/N: Yes
  • Property Sub-Type: Multi-Family 5+
  • Roof Type: Shingle
  • Sewer: Private Sewer
  • Showing Instructions: Appointment Only, Call Before Showing
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $29,670
  • Units: 34
  • Utilities: Public
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1983
  • Zoning: R-4