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Gibson Street Apartments 1450 E Gibson St 34 Unit Apartment Building $4,600,000 ($135,294/Unit) 7% Cap Rate Arcadia, FL 34266
Investment Highlights
- All 34 units are fully leased, ensuring immediate and consistent cash flow from day one.
- Seven solid block buildings on slab foundations with recently installed roofs, reducing maintenance and future capital outlay.
- Individually metered utilities for electric and water, along with city water and sewer connections, streamline operational efficiency.
- Long-term rental growth potential in a high-demand corridor supported by proximity to education, healthcare, and employment hubs.
- Most units are recently renovated, and every unit includes a refrigerator, microwave, and stove for tenant convenience.
- On-site common-area laundry facility offers strong value-add potential through activation, along with additional upside by upgrading remaining classic
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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Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$425,678
|
$15.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$425,678
|
$15.50
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $425,678 |
| Annual Per SF | $15.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $425,678 |
| Annual Per SF | $15.50 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,600,000 | Building Class | C |
| Price Per Unit | $135,294 | Lot Size | 3.35 AC |
| Sale Type | Investment | Building Size | 27,463 SF |
| Cap Rate | 7% | 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 | $4,600,000 |
| Price Per Unit | $135,294 |
| Sale Type | Investment |
| Cap Rate | 7% |
| 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 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 31-37-25-0016-8030-0010 | Improvements Assessment | $1,200,000 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $1,200,000 (2024) |
Property Taxes
Parcel Number
31-37-25-0016-8030-0010
Land Assessment
$0 (2024)
Improvements Assessment
$1,200,000 (2024)
Total Assessment
$1,200,000 (2024)
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Gibson Street Apartments | 1450 E Gibson St