26
$6,500,000 Sale
Listed 175 days ago
111 JORDAN AVE
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· 0
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· 29352
Key Facts
Key facts for 111 JORDAN AVE
Property Type
Other
Parking
Common,Ground Level,Other
MLS #
N6143959
Size
29352 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$8,883 /yr
Days on Market
-
Year Built
1970
Maintenance Fee
-
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.
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Listing courtesy of: NEXTHOME SUNCOAST, 941-882-2229

Listings courtesy of Stellar MLS as distributed by MLS GRID.