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111 JORDAN AVENUE

Commercial For Sale
$6,500,000

BTC: 102.20125786

ETH: 3,416.30576462

-$300K (2026/07/29)
103 days
0 room(s)
29,352 sqft

Overview

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

Details

Type:
Commercial Sale
Parking:
Common / Ground Level / Other
Year Built:
1970
Lot:
2.10 Acres
Heating:
Electric
Price/sqft:
$221
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$8,883
2025
Pets
Not allowed
All facts and features
  • Flooring

    • Concrete

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Refrigerator

  • Parking

    • Common

    • Ground Level

    • Other

    Lot

    • Lot: 2.10 Acres

    Other Property Information

    • Parcel Number: 363724040400F00040

    • Zoning: R-1C

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family (5+)

  • Utility

    • Electricity Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,883

  • Source details

    • MLS ID: N6143959

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Block / Slab

    • Lot Features: City Lot / Wooded

    • Direction Faces: West

    • Living Area: 29352

    • Water Source: Public

    • Subdivision Name: J W WHIDDENS SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: NEXTHOME SUNCOAST