1450 E Gibson St Arcadia, FL 34266
Estimated payment $28,657/month
Highlights
- 3.35 Acre Lot
- No HOA
- Central Heating and Cooling System
- Open Floorplan
- Tile Flooring
- Ceiling Fan
About This Home
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.
Listing Agent
SELLSTATE VISION REALTY Brokerage Phone: 941-807-4304 License #3368631 Listed on: 12/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,670
Year Built
- Built in 1983
Lot Details
- 3.35 Acre Lot
Home Design
- Property Attached
- Block Foundation
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 24,987 Sq Ft Home
- Open Floorplan
- Ceiling Fan
Kitchen
- Range
- Microwave
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 56 Bedrooms
- 38 Bathrooms
Schools
- Nocatee Elementary School
- Desoto Middle School
- Desoto County High School
Utilities
- Central Heating and Cooling System
- Private Sewer
Listing and Financial Details
- Legal Lot and Block 11 / 3
- Assessor Parcel Number 31-37-25-0016-8030-0010
Community Details
Overview
- No Home Owners Association
- 34 Units
- 26,573 Sq Ft Building
- Gilchrists East End Add Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $108,883
- Gross Income $425,678
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $29,670 | $1,200,000 | -- | $1,200,000 |
| 2023 | $30,021 | $1,200,000 | $0 | $1,200,000 |
| 2022 | $30,203 | $1,200,000 | $0 | $1,200,000 |
| 2021 | $31,861 | $1,200,000 | $0 | $1,200,000 |
| 2020 | $32,399 | $1,200,000 | $0 | $1,200,000 |
| 2019 | $32,792 | $1,200,000 | $0 | $1,200,000 |
| 2018 | $33,056 | $1,200,000 | $0 | $1,200,000 |
| 2017 | $21,639 | $895,000 | $0 | $895,000 |
| 2016 | $26,328 | $895,000 | $0 | $895,000 |
| 2015 | $26,618 | $895,000 | $0 | $895,000 |
| 2014 | $28,711 | $895,000 | $0 | $895,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $4,900,000 | -- | $196 / Sq Ft |
Source: Stellar MLS
MLS Number: C7518538
APN: 31-37-25-0016-8030-0010
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Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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