Active

$4,900,000

Features:
  • 56 Bedrooms
  • 38 Bathrooms
  • 24987 sq ft
Overview
  • ID: MFRC7518538
  • Bedrooms: 56
  • Bathrooms: 38
  • Size: 24987 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$4,900,000
HOA Fee:
N/A
Tax Amount:
$29670.24
Price per SqFt:
$196.1
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
Exterior Features
Lot Size:
145926
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
56
Bathrooms:
38
Heating:
Central
Cooling:
Central Air
Appliances:
Microwave, Range, Refrigerator
Furnished:
No
Floor:
Laminate, Tile
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1983
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1450 E GIBSON ST
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