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Wade M. Berlin

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1450 Gibson Street
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PRICED AT ONLY: $4,900,000

Address: 1450 Gibson Street, ARCADIA, FL 34266

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, 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.

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  • MLS#: C7518538 ( Residential Income )
  • Street Address: 1450 Gibson Street
  • Viewed: 20
  • Price: $4,900,000
  • Price sqft: $184
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 26573
  • Bedrooms: 56
  • Total Baths: 38
  • Days On Market: 12
  • Acreage: 3.35 acres

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, 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Flooring: Laminate, Tile
  • Living Area: 24987.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
School Information
  • High School: DeSoto County High School
  • Middle School: DeSoto Middle School
  • School Elementary: Nocatee Elementary School
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Sewer: Private Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Sewer, Water
Other Features
  • Appliances: Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Open Floorplan
  • 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
  • Levels: One
  • Area Major: 34266 - Arcadia
  • Parcel Number: 31-37-25-0016-8030-0010
  • Views: 20
  • Zoning Code: R-4
Nearby Subdivisions
Arcadia Hylands   Gilchrists East End Add   Robertsons Southside Add   Villa Rica Park  

Contact Info

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