Property
Beds
56
Full Baths
None
1/2 Baths
None
Year Built
1983
Sq.Footage
24,987
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.
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
56
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
3.35
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,900,000
-
Tax Amount
29670.24
-
Sq. Footage
24, 987
-
Price/SqFt
$196
HOA
-
Association
No
School District
-
Elementary School
Nocatee Elementary School
-
Middle School
DeSoto Middle School
-
High School
DeSoto County High School
Property Features
-
Foundation Details
Block, Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Private Sewer
-
Tax Lot
11
-
Water Source
Public
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Location
County
DeSoto
Elementary School
Nocatee Elementary School
Middle School
DeSoto Middle School
High School
DeSoto County High School
Listing Courtesy of Savannah Zarris , SELLSTATE VISION REALTY
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FOUNDER
Ashley Baillio
Call Ashley today to schedule a private showing.
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