111 Jordan Avenue, Arcadia, FL 34266
- $6,500,000
- 29,352
- SqFt
- List Price
- $6,500,000
- Status
- Active
- Days on Market
- 102
- Price Change
- ▼ $300,000 1785369756
- MLS#
- N6143959
- Property Style
- Multi-Family 5+
- Year Built
- 1970
- Living Area
- 29,352
- Lot Size
- 91,350
- Acres
- 2.10
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- J W Whiddens Sub
- Complex/Comm Name
- Jb Arcadia Apartment
- MLS Area Major
- Arcadia
Property Description
A rare opportunity to acquire JB Arcadia Apartments, a 24-unit multifamily investment property located in DeSoto County, Florida, one of the state's most productive agricultural regions. Originally developed as traditional apartments, the current ownership strategically transitioned the property to H-2A agricultural workforce housing to capitalize on the area's growing demand and significantly increase income potential. This proven operational model offers investors the flexibility of an established multifamily asset with the upside of specialized workforce housing. The property consists of 24 units across seven buildings on two parcels, offering a mix of 2, 3, and 4-bedroom floor plans. The buildings have been extensively rebuilt and are designed for durability, operational efficiency, and reduced maintenance costs. Unlike many rural workforce housing properties, JB Arcadia Apartments benefits from city water and sewer, providing dependable infrastructure while eliminating the maintenance concerns associated with septic systems. Located in DeSoto County, the property serves one of Florida's most active agricultural corridors, where growers and farm labor contractors continue to seek quality H-2A housing. With limited inventory of compliant workforce housing available, this represents a compelling investment opportunity. Ideal for H-2A housing operators, Workforce housing investors, Agricultural employers, Commercial multifamily investors, 1031 Exchange buyers. Seller financing may be available to qualified buyers with acceptable terms.
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Additional Information
- Taxes
- $8883
- Location
- City Limits, Paved, Wooded
- Community Features
- No Deed Restriction
- Zoning
- R-1C
- Floor
- Concrete
- Appliances
- Refrigerator
- Utilities
- Electricity Available, Public, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Roof
- Membrane, Shingle
- Foundation
- Block, Slab
- Pool
- No Pool
- Garage Features
- Common, Ground Level, Other
- Pets
- Not Allowed
- Flood Zone Code
- X
- Parcel ID
- 36-37-24-0404-00F0-0040
- Legal Description
- LOT 4 AND THAT PART OF LOT 6, LYING SOUTH OF EXISTING CANAL, AND ALL OF LOTS 7,8, 9, 10, 11, 13, 15, 17, 19 AND 21. BLOCK "F" J W WHIDDEN SUBDIVISION, AS PER MAP OR PLAT THEREOF RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN AND FOR DESOTO COUNTY FLORIDA, IN PLAT BOOK 1, PAGE 66, SUBJECT TO RESERVATIONS RECORDED IN DEED BOOK 246, PAGE 432 AND IN OFFICIAL RECORDS BOOK 60, PAGE 393, BOTH OF THE PUBLIC RECORDS OF DESOTO COUNTY FL
Listing courtesy of NEXTHOME SUNCOAST. 941-882-2229
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