APOPKA, FL 32703 1236 DOVEHILL DRIVE

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Presented By: ELEVATE REALTY LLC with 561-427-3923. - 561-427-3923
  • MLS# A4646391
  • 03/27/2025
  • Request Tour
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  • Beds • 8
  • Baths • 8
  • SQFT • 3,587

Home Details

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.
Presented By: ELEVATE REALTY LLC with 561-427-3923. - 561-427-3923

Interior Features for 1236 DOVEHILL DRIVE

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringluxury vinyl, vinyl
Heating Y/NYes
Interior Amenitiesother, window treatments
Laundry Featureselectric dryer hookup, laundry closet, laundry room, washer hookup

General for 1236 DOVEHILL DRIVE

Additional Parcels Y/NNo
Appliancesdishwasher, freezer, microwave, range, refrigerator
Building Area Unitssquare feet
Carport Y/NNo
Cityapopka
Construction Materialsstucco
Coolingcentral air
Countyorange
Directionsat exit 30, head right on the ramp for fl-414 east toward maitland, keep right, heading toward apopka, turn right onto us-441 s / w orange blossom trail, keep left to get onto fl-436 east, turn left onto s
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income86700
HOANo
Heatingelectric, other
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptiondovehill 12/91 lots 5 through 8
Listing Termscash, conventional, va loan
Living Area Unitssquare feet
Lot Size Square Feet15290
Lot Size Unitssquare feet
MLS Area32703 - apopka
ModificationTimestamp2025-04-07t20:00:22.480z
New ConstructionNo
Number Of Units Total4
Ok to Lease12 months
Ownershipfee simple
Patio/Porch Featurescovered, patio, rear porch
Property Subtypequadruplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerseptic tank
Standard Statusactive
Statusactive
Subdivision Namedovehill
Tax Annual Amount8737
Tax Lot5
Tax Year2024
Tenant Payselectricity, trash collection, water
Total Actual Rent7125
Utilitieselectricity connected, other, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1984
Zoningr-2

Exterior for 1236 DOVEHILL DRIVE

Building Area Total4021
Exterior Amenitiesother, sliding doors
Foundation Detailsslab
Lot Size Acres0.35
Lot Size Area15290
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt, other
Water Sourcepublic

Additional Details

Price History

Jonathan Alsaka

Price $859,000
MLS#A4646391
List Date 03/27/2025
Property Type Income
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