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Gibson Street Apartments 1450 E Gibson St 34 Unit Apartment Building $4,900,000 ($144,118/Unit) 8.04% Cap Rate Arcadia, FL 34266
INVESTMENT HIGHLIGHTS
- Long Term Rental Growth in a High Demand Rental Corridor
- All Units Fully Leased
EXECUTIVE SUMMARY
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.
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PROPERTY FACTS
| Price | $4,900,000 | Building Class | C |
| Price Per Unit | $144,118 | Lot Size | 3.35 AC |
| Sale Type | Investment | Building Size | 27,463 SF |
| Cap Rate | 8.04% | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 34 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.57/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-4 - Multifamily Residential | ||
| Price | $4,900,000 |
| Price Per Unit | $144,118 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.35 AC |
| Building Size | 27,463 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 2.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4 - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,100 | 545 |
| 2+1 | 14 | $1,300 | 630 |
| 3+1 | 4 | $1,600 | 715 |
PROPERTY TAXES
| Parcel Number | 31-37-25-0016-8030-0010 | Improvements Assessment | $1,200,000 |
| Land Assessment | $0 | Total Assessment | $1,200,000 |
PROPERTY TAXES
Parcel Number
31-37-25-0016-8030-0010
Land Assessment
$0
Improvements Assessment
$1,200,000
Total Assessment
$1,200,000
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Gibson Street Apartments | 1450 E Gibson St
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