1450 E Gibson St - Apartments FOR SALE


Arcadia, FL 34266
$4,900,000 USD
941-380-6677
1450 E Gibson St, Arcadia, FL for Sale
$4,900,000 USD
Apartments - FOR SALE
1/32
null | 8.04% Cap Rate

1450 E Gibson St
Arcadia, FL 34266


HIGHLIGHTS

  • Long Term Rental Growth in a High Demand Rental Corridor
  • All Units Fully Leased

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

34

PRICE/UNIT

$144,118

CAP RATE

8.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gibson Street Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

64

LAND DETAILS

LAND ACRES

3.35 AC

LAND SF

145,926 SF

ZONING

R-4

APN/PARCEL ID

31-37-25-0016-8030-0010

ASK ABOUT THIS PROPERTY

Lyn BevisLyn BevisMore Info
941-380-6677

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Lyn BevisLyn BevisMore Info
941-380-6677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.