$4,900,000 for Sale
1450 e gibson street , arcadia, FL 34266
| Beds 56 | Baths 38 | 24,987 Sqft | 3.35 Acres |
|
1 of 52 |
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.
General Information
Sale Price: $4,900,000
Price/SqFt: $196
Status: Active
MLS#: C7518538
City: arcadia
Post Office: arcadia
Schools: desoto county high school
County: DeSoto
Subdivision: gilchrists east end add
Acres: 3.35
Bedrooms:56
Bathrooms:38
House Size: 24,987 sq.ft.
Acreage: 3.35 est.
Year Built: 1983
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Block
Exterior Misc: Sidewalk
Basement: No
Foundation : Block, Slab
Appliances: Microwave, Range, Refrigerator
Cooling: Central Air
Heating: Central
Waste: Private Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $29,670
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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Savannah Zarris of SELLSTATE VISION REALTY, Phone: 941-336-5400
