111 JORDAN AVENUE
ARCADIA, FL 34266
Listing courtesy of NEXTHOME SUNCOAST · MLS# N6143959
Property Details
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.
Facts & Costs
- Property type
- Multi-Family 5+
- Building size
- 29,352 sq ft
- Zoning
- R-1C
- Road frontage
- City Street
- Year built
- 1970
- Lot size
- 2.1 acres
- Price per sq ft
- $221
- Days on market
- 163
- Waterfront
- No
- Subdivision
- J W WHIDDENS SUB
- County
- DeSoto
- Flood zone
- X
Monthly & yearly costs
- Property taxes
- $8,883 / year (2025)
As reported by the listing agent. Verify with the HOA and county.
Construction & systems
- Utilities
- Electricity Available, Public, Water Connected
- Sewer
- Public Sewer
- Water
- Public
- Lot features
- City Limits, Paved, Wooded
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Concrete
- Roof
- Membrane, Shingle
- Construction
- Block, Concrete, Stucco
- Parking
- Common, Ground Level
Payment Estimate
$33,608 / month
- Principal & interest
- $32,868
- Property taxes
- $740
- HOA
- $0
- Home insurance
- enter below
Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.
Location
Features & Amenities
- Refrigerator
Information deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID
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