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$6,500,000

Active

111 Jordan Ave, Arcadia, FL 34266

29,352 sq ft

Listing courtesy of NEXTHOME SUNCOAST Β· MLS# N6143959

191 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

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.

Facts

Property type
Multi-Family 5+
Year built
1970
Exposure
West
Flood zone
X
Annual taxes
$8,883/yr
Listed
Apr 20, 2026
MLS #
N6143959

Commercial details

Building & site

Building size
29,352 SF
Lot size
2.1 acres (91,350 SF)
Zoning
R-1C
Ceiling height
Varied
Road frontage
City Street
Buildings
7
Building features
Bathrooms, Dumpsters, On Site Shower, Trash Removal

Investor metrics

Price per SF (MLS)
$221.45/SF
Units
24

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $6,800,000
  2. Price reduced to $6,500,000

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Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

111 Jordan Ave, Arcadia, FL 34266

Listing courtesy of NEXTHOME SUNCOAST Β· MLS# N6143959 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 9:34 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]