ARCADIA, FL 34266

Property

Ownership: Fee Simple
Type: Unknown
Pets: Pets Allowed
Lot Size: 2.1 Acres

Financials

Price:$6,500,000
Annual Taxes:$8,883
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of NEXTHOME SUNCOAST

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.

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.

Amenities

  • Bathrooms
  • City Limits
  • Dumpsters
  • Electricity Available
  • On Site Shower
  • Paved
  • Public
  • Refrigerator
  • Trash Removal
  • Water Connected
  • Wooded

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.