About 111 Jordan Avenue
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 of 111 Jordan Avenue
| MLS® # | N6143959 |
|---|---|
| Price | $6,500,000 |
| Square Footage | 29,352 |
| Acres | 2.10 |
| Year Built | 1970 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | NEXTHOME SUNCOAST |
|---|
Listing Map
Neighborhood Information for 111 Jordan Avenue
Low Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Early Education Center Public - Preschool to Preschool |
0 Miles | |
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Desoto Virtual Instruction Program Public - Kindergarten to 12Th Grade - Closest Elementry School |
1 Miles | |
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West Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
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Memorial Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
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Desoto Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
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Desoto County Adult Education Center Public - 9Th Grade to 12Th Grade |
2 Miles | |
|
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Hospital And Homebound Public - Kindergarten to 12Th Grade |
2 Miles |
School data provided by GreatSchools