Commercial property in Arcadia, Florida 2726.87 sq.m. № 2235702

Property 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.