1450 E Gibson Street, Arcadia, FL 34266
- $4,500,000
- 56
- BD
- 38
- BA
- 24,987
- SqFt
- List Price
- $4,500,000
- Status
- Active
- Days on Market
- 237
- Price Change
- ▼ $100,000 1780695553
- MLS#
- C7518538
- Property Style
- Multi-Family 5+
- Year Built
- 1983
- Bedrooms
- 56
- Bathrooms
- 38
- Living Area
- 24,987
- Lot Size
- 145,926
- Acres
- 3.35
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Gilchrists East End Add
- MLS Area Major
- Arcadia
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.
Additional Information
- Taxes
- $29670
- Annual Gross Income
- 425678
- Community Features
- No Deed Restriction
- Property Description
- One Story, Attached
- Zoning
- R-4
- Interior Layout
- Ceiling Fans(s), Open Floorplan
- Interior Features
- Ceiling Fans(s), Open Floorplan
- Floor
- Laminate, Tile
- Appliances
- Microwave, Range, Refrigerator
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Sidewalk
- Roof
- Shingle
- Foundation
- Block, Slab
- Pool
- No Pool
- Elementary School
- Nocatee Elementary School
- Middle School
- Desoto Middle School
- High School
- DeSoto County High School
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 31-37-25-0016-8030-0010
- Legal Description
- A 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
Listing courtesy of SELLSTATE VISION REALTY. 941-807-4304
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