To schedule a showing of 1450 E Gibson Street, Arcadia, Florida, Call David Shippey at 863-521-4517 TODAY!
$4,500,000 | 56 beds | N/A full baths | N/A half baths | 24,987 sqft
Arcadia, FL 34266
- 56Beds
- 38.00Total Baths
- 0 Full, 0 HalfBaths
- 24,987SqFt
- 1983Year Built
- 3.35Acres
- MLS# C7518538
- Income
- MultiFamily
- Active
- Approx Time on Market7 months, 8 days
- Area34266 - Arcadia
- CountyDesoto
- Subdivision Gilchrists East End Add
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.
Agriculture / Farm
Association Fees / Info
Community Features: Sidewalks
Pets Allowed: Yes
Bathroom Info
Total Baths: 38.00
Building Info
Roof: Shingle
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Fees / Restrictions
Financial
Gross Income: 425,678
Expense Tenant: Electricity, Sewer, Water
Original Price: $4,900,000
Garage / Parking
Green / Env Info
Interior Features
Floors: Laminate, Tile
Levels: One
Laundry Features: CommonArea, Other
Interior Features: CeilingFans, OpenFloorplan
Appliances: Microwave, Range, Refrigerator
Lot Info
Direction Remarks: From I-75, take Exit 170 onto Kings Highway / CR-769 toward Arcadia. Head northeast on Kings Highway youll be traveling into DeSoto County toward Arcadia. Continue on Kings Highway until you reach town (Arcadia).Once in Arcadia, locate East Gibson Street 1950 East Gibson St. will be along that street.
Lot Size Units: Acres
Lot Size Acres: 3.35
Lot Sqft: 145,926
Misc
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 31
Class Type: MultiFamily
Property Condition: NewConstruction
Property Attached: Yes
Construction Materials: Block
Stories: 1
Foundation: Block, Slab
Human Modified: Yes
Sqft Info
Sqft: 24,987
Bulding Area Sqft: 26,573
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,024
Tax Lot: 11
Tax Legal Description: 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
Tax Block: 3
Tax Annual Amount: 29670.24
Unit Info
Total Units: 34
Total Actual Rent: 36,200
Utilities / Hvac
Heating: Central
Water Source: Public
Sewer: PrivateSewer
Cool System: CentralAir, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: MunicipalUtilities
Waterfront / Water
Directions
From I-75, take Exit 170 onto Kings Highway / CR-769 toward Arcadia. Head northeast on Kings Highway youll be traveling into DeSoto County toward Arcadia. Continue on Kings Highway until you reach town (Arcadia).Once in Arcadia, locate East Gibson Street 1950 East Gibson St. will be along that street.This listing courtesy of Sellstate Vision Realty
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MLS IDX data last updated on 07-12-2026 9:30 AM EST.
If you have any questions on 1450 E Gibson Street, Arcadia, Florida, please call David Shippey at 863-521-4517.
MLS# C7518538 located at 1450 E Gibson Street, Arcadia, Florida is brought to you by David Shippey REALTOR®
1450 E Gibson Street, Arcadia, Florida has 56 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 1450 E Gibson Street, Arcadia, Florida is C7518538.
The price for 1450 E Gibson Street, Arcadia, Florida is $4,500,000.
The status of 1450 E Gibson Street, Arcadia, Florida is Active.
The subdivision of 1450 E Gibson Street, Arcadia, Florida is Gilchrists East End Add.
The home located at 1450 E Gibson Street, Arcadia, Florida was built in 2026.