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.
lease term
12 months24,987 Sq Ft
3.35 Private Acres Lot Size
Investment
$29,670 Annual Tax
Built in 1983
MLS/Listing ID C7518538
34 Units
Open Floor Plan
Common Area
Sidewalk
Ceiling Fans
Shingle
Refrigerator
Range
Microwave
Construction - Block
Cooling - Central Air
Tile
Laminate
Slab
Block
Pets Allowed

TOTAL MONTHLY COST
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