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1450 E Gibson St
Arcadia, FL 34266

$4,600,000 USD

Apartments For Sale  •  27,463 SF

Property Details

  • Property Type Apartments
  • Total Building Size 27,463 SF
  • Lot Size 3.35 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 7.00 %
  • Zoning R-4
40 Walk Score

Highlights

All 34 units are fully leased, ensuring immediate and consistent cash flow from day one.
Long-term rental growth potential in a high-demand corridor supported by proximity to education, healthcare, and employment hubs.
Seven solid block buildings on slab foundations with recently installed roofs, reducing maintenance and future capital outlay.
Most units are recently renovated, and every unit includes a refrigerator, microwave, and stove for tenant convenience.
Individually metered utilities for electric and water, along with city water and sewer connections, streamline operational efficiency.
On-site common-area laundry facility offers strong value-add potential through activation, along with additional upside by upgrading remaining classic

Property Flyers

Financial Summary

Cap Rate: 7.00 %

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Microwave
  • Kitchen
  • Refrigerator
  • Range

Public Transportation

AirportDriveWalkDistance
Punta Gorda 42 min - 26.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 64
Type: Surface
Included in Rent: Yes
Lyn Bevis 941-380-6677 Lyn Bevis
Lyn Bevis 941-380-6677 Lyn Bevis