1450 GIBSON STREET

ARCADIA, FL 34266

Listing courtesy of SELLSTATE VISION REALTY · MLS# C7518538

$4,300,000

Active

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Property Details

Units

Square feet

24,987

Net income / yr

$321,993

MLS#

C7518538

Listed

December 3, 2025

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.

Facts & Costs

Property type: Multi-Family 5+
Units: 34
Current rent (total): $36,200 / month
Gross income: $425,678 / year
Net income: $321,993 / year
Zoning: R-4
Year built: 1983
Lot size: 3.35 acres
Price per sq ft: $172
Days on market: 301
Private pool: No
Waterfront: No
Subdivision: GILCHRISTS EAST END ADD
County: DeSoto
Flood zone: X

Monthly & yearly costs

Property taxes: $29,670 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating: Central
Cooling: Central Air
Flooring: Laminate, Tile
Roof: Shingle
Construction: Block

Payment Estimate

$24,216 / month

Principal & interest: $21,743
Property taxes: $2,473
HOA: $0
Home insurance: enter below

Down payment (20%)$860,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

Microwave
Range
Refrigerator
Ceiling Fans(s)
Open Floorplan
Sidewalk

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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