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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1970
Sq.Footage
29,352
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
No
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Stucco
-
Parking
Common, Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Paved, Wooded
-
Lot Size(acres)
2.1
-
Lot Size(square feet)
91,350
-
Property Type
Commercial Sale
Price
-
Sales Price
$6,500,000
-
Tax Amount
$8,883
-
Sq. Footage
29,352
-
Price/SqFt
$221
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Block, Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
4
-
Water Source
Public
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Location
County
DeSoto
Elementary School
Middle School
High School
Listing Courtesy of Kari Battaglia, PA, NEXTHOME SUNCOAST
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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