Property Description

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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Included Appliances

MicrowaveRangeRefrigerator

Property Details

Interior

Appliances

MicrowaveRangeRefrigerator

Building Area Total

26573

Cooling

Central Air

Flooring

LaminateTile

Heating

Central

Interior Features

Ceiling Fan(s)Open Floorplan

Laundry Features

Common AreaOther

Living Area

24987

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Block

Foundation Details

BlockSlab

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

34

Property Condition

Completed

Roof

Shingle

Year Built

1983

Site & Exterior

Exterior Features

Sidewalk

Flood Zone Code

X

I D X Participation

Yes

Lot Size Acres

3.35

Lot Size Area

3.35

Lot Size Square Feet

145926

Lot Size Units

Acres

Public Survey Range

25

Public Survey Section

31

Road Surface Type

Paved

Sewer

Private Sewer

Total Acreage

2 to less than 5

Utilities

Public

Water Source

Public

Zoning

R-4

Financials

Calculated List Price By Calculated Sq Ft

180.09

Contract Status Change Date

2025-12-03

Current Price

4500000

Existing Lease Type

Other

Feed Types

BBO

Lease Considered

Yes

Lease Term

12 Months

Owner Name

CROSSROADS SHEDS INC

Ownership

Fee Simple

Parcel Number

313725001680300010

Public Survey Township

37

Tax Annual Amount

29670.24

Tax Block

3

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

Tax Lot

11

Tax Year

2024

Total Actual Rent

36200

Neighborhood & Lifestyle

Community & Association

M L S Area Major

34266 - Arcadia

Pets Allowed

Yes

Subdivision Name

GILCHRISTS EAST END ADD

Schools

Ratings

Elementary

Nocatee Elementary School

Middle

DeSoto Middle School

High

DeSoto County High School

Listing provided courtesy of STELLAR via IDX. Updated: Jun 5, 2026, 3:08pm.

1450 E GIBSON STREET

1450 E GIBSON STREET

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Savannah Zarris

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1450 E GIBSON STREET

1450 E GIBSON STREET

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Savannah Zarris