1236 DOVEHILL DR, Apopka, FL 32703 - MLS#A4646391

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Kseniya Edwards

rent@vhrfl.com +1(386) 237-7688

$859,000

Est. payment - /mo

8 Beds

8 Baths

3,587 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,587 sqft

Price per Sqft $239

Subdivision Dovehill

MLS Listing ID A4646391

Bedrooms 8

HOA Y/N No

Originating Board Stellar MLS

Year Built 1984

Annual Tax Amount $8,737

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Quadruplex

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.

Location

State FL

County Orange

Community Dovehill

Zoning R-2

Interior

Interior Features Other, Window Treatments

Heating Electric, Other

Cooling Central Air

Flooring Luxury Vinyl, Vinyl

Fireplace false

Appliance Dishwasher, Freezer, Microwave, Range, Refrigerator

Laundry Electric Dryer Hookup, Laundry Closet, Laundry Room, Washer Hookup

Exterior

Exterior Feature Other, Sliding Doors

Utilities Available Electricity Connected, Other, Water Connected

Roof Type Shingle

Porch Covered, Patio, Rear Porch

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4646391

Porch Type Covered,Patio,Rear Porch

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Listed by ELEVATE REALTY LLC

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Kseniya Edwards

+1(386) 237-7688

Agent | BKSL3312959

Agent BKSL3312959

1236 DOVEHILL DR Apopka, FL 32703

Kseniya Edwards

Key Details

Location

Interior

Exterior

Building

Others

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