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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988
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  4. 1450 Gibson Street, Arcadia, FL 34266
1450 Gibson Street, Arcadia, FL 34266
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1450 Gibson Street
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  • MLS#: C7518538 ( ResidentialIncome )
  • Street Address: 1450 Gibson Street
  • Viewed: 9
  • Price: $4,900,000
  • Price sqft: $184
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 26573
  • Bedrooms: 56
  • Total Baths: 38
  • Days On Market: 3
  • Additional Information
  • Geolocation: 27.2231 / -81.8431
  • County: DESOTO
  • City: Arcadia
  • Zipcode: 34266
  • Subdivision: Gilchrists East End Add
  • Elementary School: Nocatee
  • Middle School: DeSoto
  • High School: DeSoto County
  • Provided by: SELLSTATE VISION REALTY
  • DMCA Notice
  • 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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Property Location and Similar Properties
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Similar
Features
Possible Terms
  1. Cash
  2. Conventional
Appliances
  1. Microwave
  2. Range
  3. Refrigerator
Home Owners Association Fee
  1. 0.00
Baths Total
  1. 38
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
  2. CeilingFans
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Laminate
  2. Tile
Garage Spaces
  1. 0.00
Heating
  1. Central
High School
  1. DeSoto County High School
Insurance Expense
  1. 0.00
Interior Features
  1. CeilingFans
  2. OpenFloorplan
Legal Description
  1. 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
  1. One
Living Area
  1. 24987.00
Middle School
  1. DeSoto Middle School
Area Major
  1. 34266 - Arcadia
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 31-37-25-0016-8030-0010
Pet Deposit
  1. 0.00
Pets Allowed
  1. Yes
Property Condition
  1. NewConstruction
Property Type
  1. ResidentialIncome
Roof
  1. Shingle
School Elementary
  1. Nocatee Elementary School
Security Deposit
  1. 0.00
Sewer
  1. PrivateSewer
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
  2. Sewer
  3. Water
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. MunicipalUtilities
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/C7518538
Water Source
  1. Public
Year Built
  1. 1983
Zoning Code
  1. R-4
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988