$4,500,000
Active · 230 days on market · MLS# MFRC7518538
| Bedrooms | 56 |
|---|---|
| Living area | 24,987 sq ft |
| Lot size | 3.35 acres |
| Year built | 1983 |
| Property type | Multi-Family 5+ |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $29,670 |
| County | DeSoto |
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 courtesy of Savannah Zarris, SELLSTATE VISION REALTY. Presented by MC Homes Realty Inc · 727432218.