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(386) 960-0076
Stork Real Estate
1450 E Gibson Street, Arcadia, FL 34266
- $4,300,000
- 56
- BD
- 38
- BA
- 24,987
- SqFt
- List Price
- $4,300,000
- Price Change
- ▼ $200,000 1786657573
- MLS#
- C7518538
- Type
- Multifamily
- Bedrooms
- 56
- Bathrooms
- 38
- Living Area
- 24,987
- Lot Size
- 145,926
- Subdivision
- Gilchrists East End Add
- Year Built
- 1983
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.
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Additional Information
- Community Features
- No Deed Restriction
- Annual Gross
- 425678
- Style
- Multi-Family 5+
- Interior
- Ceiling Fans(s), Open Floorplan
- Interior Features
- Ceiling Fans(s), Open Floorplan
- Appliances
- Microwave, Range, Refrigerator
- Exterior Construction
- Block
- Exterior
- Sidewalk
- Roof
- Shingle
- High School
- DeSoto County High School
- Middle School
- Desoto Middle School
- Elementary School
- Nocatee Elementary School
- Utilities
- Public
- Floor
- Laminate, Tile
- Heating
- Central
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of SELLSTATE VISION REALTY.
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