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1450 E GIBSON STREET

Multi-family For Sale
$4,900,000

BTC: 163.33333333

ETH: 2,450.00000000

New
56 bds
24,987 sqft
Est. Estimated sales range: $0 - $0
$0

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.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1983
Lot:
3.35 Acres
Heating:
Central
Price/sqft:
$196
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Laminate

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 56

  • Property

    • Levels: One

    • Exterior Features: Sidewalk

    Lot

    • Lot: 3.35 Acres

    Other Property Information

    • Parcel Number: 313725001680300010

    • Zoning: R-4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $29,670

  • Source details

    • MLS ID: C7518538

    Other facts

    • Construction Materials: Block

    • Foundation Details: Block / Slab

    • Laundry Features: Common Area / Other

    • Living Area: 24987

    • Water Source: Public

    • Subdivision Name: GILCHRISTS EAST END ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SELLSTATE VISION REALTY