ARCADIA, FL 34266 1450 E GIBSON STREET
$4,900,000
47 more
Presented By: SELLSTATE VISION REALTY with 941-336-5400. - 941-807-4304
Beds • 56
Baths • 38
SQFT • 24,987
Home Details
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.
Presented By: SELLSTATE VISION REALTY with 941-336-5400. - 941-807-4304
Interior Features for 1450 E GIBSON STREET
Bedrooms
Total Bedrooms56
Bathrooms
Total Baths38
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringlaminate, tile
Heating Y/NYes
Interior Amenitiesceiling fan(s), open floorplan
Laundry Featurescommon area, other
General for 1450 E GIBSON STREET
Additional Parcels Y/NNo
Appliancesmicrowave, range, refrigerator
Building Area Unitssquare feet
Carport Y/NNo
Cityarcadia
Construction Materialsblock
Coolingcentral air
Countydesoto
Directionsfrom i-75, take exit 170 onto kings highway / cr-769 toward arcadia.
head northeast on kings highway youll be traveling into desoto county toward arcadia.
continue on kings highway until yo
Elementary Schoolnocatee elementary school
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income434400
HOANo
Heatingcentral
High Schooldesoto county high school
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptiona w gilchrist east end add all blk 3 tier 8 & w 66 ft of blk 2 tier 8 & that part platted av in tier 8 lyg btw blk 3 & blk 2 less n110 ft of e 210 ft thereof inst:201714001674
Levelsone
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet145926
Lot Size Unitsacres
MLS Area34266 - arcadia
Middle/Junior High Schooldesoto middle school
New ConstructionNo
Number Of Units Total34
Ok to Lease12 months
Ownershipfee simple
Pets Allowedyes
Property Attached Y/NYes
Property Conditioncompleted
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerprivate sewer
Standard Statusactive
Statusactive
Subdivision Namegilchrists east end add
Tax Annual Amount29670.24
Tax Lot11
Tax Year2024
Tenant Payselectricity, sewer, water
Total Actual Rent36200
Utilitiespublic
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1983
Zoningr-4
Exterior for 1450 E GIBSON STREET
Building Area Total26573
Exterior Amenitiessidewalk
Foundation Detailsblock, slab
Lot Size Acres3.35
Lot Size Area3.35
Number of Buildings7
Private PoolNo
Road Surface Typepaved
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
DeSoto Middle School
High School
DeSoto County High School
Elementary School
Nocatee Elementary School
Vicmarie Vega Torres
Realtor