1. Florida
  2. Apopka
  3. 1236 DOVEHILL DRIVE
$844,000

1236 DOVEHILL DRIVE, Apopka, FL 32703

  • 8 beds |
  • 8 baths |
  • 3,587 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $235/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Turnkey 4-Plex Investment Opportunity in Apopka, FL – Fully Renovated with Top-of-Market Rents! Discover this meticulously upgraded 4-unit multifamily property in the heart of Apopka, Florida—a cash-flowing gem perfect for savvy investors. Fully renovated, Fully occupied and boasting a gross monthly rent of **$7,125**, plus an additional **$100/month** from on-site laundry machine rentals, this property delivers immediate income with room for further value-add potential. A 5-year pro-forma projects a total profit of **$214,000** and an impressive **81 percent return on your money** at the current purchase price. Property Highlights - **Recent Upgrades**: New permitted roof (2017), all new water heaters, and central air units (2020, 2020, 2016, 2011—all serviced and in excellent condition). - **Septic Systems**: Two septic and drain field systems, with one replaced in 2021 and the other in 2024, both fully permitted. - **Stunning Interiors**: Each unit has been beautifully transformed with fresh interior paint, granite countertops, sleek gray shaker cabinets, black fixtures and hardware, new blinds, and luxury waterproof wood plank flooring with a lifetime warranty. Updated bathrooms and new stainless steel appliances complete the modern appeal. - **Exterior & Amenities**: Freshly resealed parking lot with a crisp black finish, laundry hookups in each unit, private patios, and spacious backyards for tenant enjoyment. Income & Growth Potential: - Current gross annual income: **$87,300** ($7,125/month rent + $100/month laundry). - Fully turnkey with top-of-market rents already in place. - Value-add opportunities include adding backyard storage units or additional laundry rentals to boost revenue further. -Insurance quote in broker docs quoting policy at $6587 per year This 4-plex combines modern upgrades with strong fundamentals—new systems, high-demand finishes, and a prime Apopka location. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers immediate cash flow and long-term growth. Priced at a **6.84 cap rate** with a projected increase to **7.70 cap rate by year five**, don’t miss out on this exceptional opportunity. Rent roll, 5 year pro-forma, and an insurance quote are attached in documents section. Please do not disturb the tenants. Interior Showings available only after under contract.

Listing Status:
Pending
Date Added:
March 27, 2025 at 05:00AM
Listing Office:
ELEVATE REALTY LLC : 561-427-3923
Listing Agent:
Laura Auten : 561-427-3923
MLS ID:
A4646391

This listing courtesy of Laura Auten, ELEVATE REALTY LLC

Location

Schools Nearby

L

Lovell Elementary School

815 Roger Williams Rd, Apopka, FL, 32703

Grades PK-5

0.52 miles away

A

Apoka Memorial Middle School

425 N Park Ave, Apopka, FL, 32712

Grades 6-8

1.47 miles away

S

Sheeler High Charter

871 E Semoran Blvd, Apopka, FL, 32703

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.