- For Sale $1,799,000
- Property Type Multi-Family
- Property Size 900 SF
- Units 17
- Lot Size 6.03 Acre
- Property Tenancy Multi-Tenant
- Date Updated May 7, 2026
Description
located in johntry subdivision next to star lakeOpportunity to acquire a 17-home residential portfolio (16 currently leased) along with 11+ additional buildable lots, offering significant upside through both rental income and future development. Located within a private community near one of Florida’s largest spring-fed lakes, the properties sit on a total of 6.03 acres and are surrounded by approximately 600 acres of conservation land. The portfolio features a strog tenant base, including several long-term residents (up to 20+ years), along with newer tenants. Many homes have been updated with vinyl or Hardie siding, vinyl flooring, and key capital improvements such as recent septic replacements. One unit is currently under renovation, providing immediate value-add potential. A key differentiator of this asset is its grandfathered parcel configuration, allowing for smaller lot splits and additional homesite density that would not be achievable under current zoning or development standards elsewhere.
Highlights
- $188,220 annual income
- 11+ additional buildable homesites for future expansion or resale
- 16 income-producing units with stable occupancy
- Potential to increase rents and expand footprint
- Private roads (no county maintenance)
- Strong rental history tied to workforce housing demand
- Utilities serviced by Clay Electric
False
Contacts
Makayla Richardson
Bosshardt Realty Services
Location
Located at 100 Little Star Road, Hawthorne, FL 32640, this property is part of the Interlachen neighborhood and North Central Florida market.
Contact Listing Broker
Makayla Richardson
Bosshardt Realty Services