Steve Goldman
Team Foldes | CPC
REALTOR®
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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.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 3.35 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $29,670
Year Built: 1983
General Information
Bedrooms: 56
Sqft: 24,987
County: De Soto
High School: DeSoto County High School
Subdivision: GILCHRISTS EAST END
Listed By:
Savannah Zarris
SELLSTATE VISION REALTY
941-336-5400
MLS ID: C7518538
Amenities
Ceiling Fans(s)
Open Floorplan
Sidewalk
Property Features
Annual Net Income: 321993.00
Appliances: Microwave, Range, Refrigerator
Days on Site: 171
Directions: From I-75, take Exit 170 onto Kings Highway / CR-769 toward Arcadia. Head northeast on Kings Highway â?? youâ??ll be traveling into DeSoto County toward Arcadia. Continue on Kings Highway until you reach town (Arcadia).Once in Arcadia, locate East Gibson
Exterior: Block
Flood Zone Code: X
Flooring: Laminate, Tile
Foundation: Block, Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 3.35
Ownership: Fee Simple
Pets Allowed: Yes
Property Attached Y/N: Yes
Property Sub-Type: Multi-Family 5+
Sewer: Private Sewer
Showing Instructions: Appointment Only, Call Before Showing
Special Sale Provisions: None
Units: 34
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: R-4
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1450 E Gibson Street, Arcadia, FL 34266.
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Estimated Payment
$ 19,329.20 per month $15,515.03 Principal & Interest $2,472.50 Property Tax $1,341.67 Homeowner's InsuranceChange Payment Information
Steve Goldman
Cell: (941) 374-1019
Email: stevegoldman@wagnerrealty.com
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