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Presented by
The Bill Heenan Team |
Rare opportunity to acquire JB Arcadia Apartments, a specialized income producing asset in Arcadia, Florida strategically positioned for H2A agricultural worker housing in one of Florida’s most active farming regions. This offering combines durable construction, operational functionality, and the potential for a much stronger income performance than traditional residential leasing. The property includes 24 units across 7 buildings on two parcels with a mix of 2 bedroom, 3 bedroom, and 4 bedroom floor plans designed to accommodate high occupancy needs that have been completely rebuilt. Ownership has recently transitioned the property toward H2A housing operations, capitalizing on strong regional demand from growers, farm labor contractors, and agricultural employers seeking compliant housing solutions. Built for durability and ease of maintenance, the improvements are designed to withstand intensive occupancy while helping reduce repair costs over time. The property also benefits from city utilities, eliminating common septic system concerns often associated with rural housing sites. Arcadia and DeSoto County remain at the center of Florida’s agricultural economy, supporting year-round demand drivers tied to harvesting, farming, and related industries. With limited quality inventory available for this use, properties built and configured for H2A housing are difficult to replicate. Ideal for H2A housing operators, Workforce housing investors, Agricultural housing providers, 1031 exchange investors seeking higher yield opportunities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,800,000
Sales Associates
William Raveis Real Estate
Phone: 860.460.8053
Bill.Heenan@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $5,440,000 | $5,440,000 | $5,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.235% | 6.164% |
| Monthly Tax Payment | $740 | $740 | $740 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,180 | $33,054 | $45,906 |
| Total Monthly Payment | $33,045 | $33,919 | $46,771 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.