Active

$6,800,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 29352 sq ft
Overview
  • ID: MFRN6143959
  • Bedrooms:
  • Bathrooms: 0
  • Size: 29352 sq ft
Property Details
Remarks
Rare opportunity to acquire JB Arcadia Apartments, a specialized income producing asset in Arcadia, Florida strategically positioned for H2A agricultural worker housing in one of Florida’s most active farming regions. This offering combines durable construction, operational functionality, and the potential for a much stronger income performance than traditional residential leasing. The property includes 24 units across 7 buildings on two parcels with a mix of 2 bedroom, 3 bedroom, and 4 bedroom floor plans designed to accommodate high occupancy needs. Ownership has recently transitioned the property toward H2A housing operations, capitalizing on strong regional demand from growers, farm labor contractors, and agricultural employers seeking compliant housing solutions. Built for durability and ease of maintenance, the improvements are designed to withstand intensive occupancy while helping reduce repair costs over time. The property also benefits from city utilities, eliminating common septic system concerns often associated with rural housing sites. Arcadia and DeSoto County remain at the center of Florida’s agricultural economy, supporting year-round demand drivers tied to harvesting, farming, and related industries. With limited quality inventory available for this use, properties built and configured for H2A housing are difficult to replicate. Ideal for H2A housing operators, Workforce housing investors, Agricultural housing providers, 1031 exchange investors seeking higher yield opportunities.
Financial Considerations
Price:
$6,800,000
HOA Fee:
N/A
Tax Amount:
$8883
Price per SqFt:
$231.67
Tax 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
Exterior Features
Lot Size:
91350
Lot Features:
City Limits, Paved, Wooded
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common, Ground Level, Other
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Electric
Cooling:
Central Air
Appliances:
Refrigerator
Furnished:
No
Floor:
Concrete
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1970
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    111 JORDAN AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 1,299,000
avt
Daniel Dourado
$ 420,000
avt
Daniel Dourado
$ 3,750,000
avt
Daniel Dourado
$ 1,399,000
avt
Daniel Dourado
$ 2,300,000
avt
Daniel Dourado
$ 2,500,000
img
  • Featured
  • Active
Multi-Family 5+

162 LA PLACITA DE SANTURCE, DOS HERMANOS

  • 0
  • 0 m²
avt
Daniel Dourado
$ 725,000
avt
Daniel Dourado
$ 1,500,000
avt
Daniel Dourado
$ 6,499,999
avt
Daniel Dourado
$ 749,000
avt
Daniel Dourado
$ 2,450,000
avt
Daniel Dourado
$ 750,000