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.


Property

Website:https://www.nestseekers.com/5540132
Address:
ARCADIA, FL 34266
Ownership: Fee Simple
Type: Unknown
Pets: Pets Allowed
Lot Size: 2.1 Acres

Financials

Price:$6,500,000
Annual Taxes:$8,883

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

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of NEXTHOME SUNCOAST

ARCADIA FL 34266 USA