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Garrett Sedlacek

garrett.s@kw.com +1(913) 461-6882

$ 6,500,000

Est. payment | -/mo

29,352 SqFt

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$ 6,500,000

Est. payment | -/mo

Save Virtual Tour

29,352 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 29,352 sqft

Price per Sqft $221

Subdivision J W Whiddens Sub

MLS Listing ID N6143959

Construction Status Completed

HOA Y/N No

Year Built 1970

Annual Tax Amount $8,883

Lot Size 2.100 Acres

Acres 2.1

Property Sub-Type Multi-Family 5+

Source Stellar MLS

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.

Location

State FL

County Desoto

Community J W Whiddens Sub

Area 34266 - Arcadia

Zoning R-1C

Interior

Heating Electric

Cooling Central Air

Flooring Concrete

Appliance Refrigerator

Exterior

Parking Features Common, Ground Level, Other

Utilities Available Electricity Available, Public, Water Connected

Water Access No

Roof Type Membrane,Shingle

Exposure West

Building

Lot Description City Limits, Paved, Wooded

Foundation Block, Slab

Lot Size Range 2 to less than 5

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Completed

Others

Pets Allowed No

Ownership Fee Simple

Acceptable Financing Owner Financing

Listing Terms Owner Financing

Special Listing Condition None

Virtual Tour https://show.tours/111jordanave/player

Listed by Kari Battaglia, PA NEXTHOME SUNCOAST

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(913) 461-6882

garrett.s@kw.com

22 S Links Ave, Sarasota, Florida 34236, USA

111 JORDAN AVE Arcadia, FL 34266

Garrett Sedlacek

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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111 JORDAN AVE