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1450 E GIBSON STREET, Arcadia, FL, 34266

56beds
38baths
24,987sqft
$4,500,000
$180price/sqft
$34,460/moest. monthly cost
$1,378,400/yrincome needed

About This Home

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.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

3/10
4/10
Desoto Middle SchoolGrades 6-80.5 mi
3/10
Desoto County High SchoolGrades 9-120.3 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 1983

Materials

  • Foundation: Block,Slab
  • Roof: Shingle
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Microwave,Range,Refrigerator
  • Laundry features: Common Area,Other

Bedrooms & Bathrooms

  • Bedrooms: 56
  • Bathrooms: 38

Features

  • Ceiling Fan(s),Open Floorplan
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 26,573
  • Total interior livable area: 24,987 sqft

Property

Details

  • Parcel number: 313725001680300010
  • Attached to another structure: Yes
  • Zoning: R-4
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Sidewalk

Lot

  • Lot size: 3.35 Acres