100 Little Star Road
- 16 income-producing units with stable occupancy
- 11+ additional buildable homesites for future expansion or resale
- Private roads (no county maintenance)
- Utilities serviced by Clay Electric
- Strong rental history tied to workforce housing demand
- Potential to increase rents and expand footprint
- $188,220 annual income
Property Description
Opportunity 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,799,000 |
| No. of Units: | 17 |
| Lot Size: | 6.03 Acres |
| Opportunity Zone: | No |
| Price per unit: | $105,824 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
311 Barren Spot KI
St. Croix, Virgin Islands
12-BA Colquohoun KI
St. Croix, Virgin Islands
1533 S Bronough Street, Unit 0
Tallahassee, FloridaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout