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Gibson Street Apartments 1450 E Gibson St 34 Unit Apartment Building $6,813,842 CAD ($200,407 CAD/Unit) 8.04% Cap Rate Arcadia, FL 34266
Investment Highlights
- Long Term Rental Growth in a High Demand Rental Corridor
- All Units Fully Leased
Executive Summary
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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$591,939
|
$21.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$591,939
|
$21.55
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $591,939 |
| Annual Per SF | $21.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $591,939 |
| Annual Per SF | $21.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $6,813,842 CAD | Building Class | C |
| Price Per Unit | $200,407 CAD | Lot Size | 3.35 AC |
| Sale Type | Investment | Building Size | 27,463 SF |
| Cap Rate | 8.04% | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 34 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.57/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-4 - Multifamily Residential | ||
| Price | $6,813,842 CAD |
| Price Per Unit | $200,407 CAD |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.35 AC |
| Building Size | 27,463 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 2.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4 - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,530 CAD | 545 |
| 2+1 | 14 | $1,808 CAD | 630 |
| 3+1 | 4 | $2,225 CAD | 715 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 31-37-25-0016-8030-0010 | Improvements Assessment | $1,648,464 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $1,648,464 CAD (2024) |
Property Taxes
Parcel Number
31-37-25-0016-8030-0010
Land Assessment
$0 CAD (2024)
Improvements Assessment
$1,648,464 CAD (2024)
Total Assessment
$1,648,464 CAD (2024)
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Gibson Street Apartments | 1450 E Gibson St
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