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1236 Dovehill Drive
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PRICED AT ONLY: $859,000

Address: 1236 Dovehill Drive, APOPKA, FL 32703

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, Floridaa 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, 2011all 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 fundamentalsnew systems, high demand finishes, and a prime Apopka location. Whether youre 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**, dont 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.

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  • MLS#: A4646391 ( Residential Income )
  • Street Address: 1236 Dovehill Drive
  • Viewed: 16
  • Price: $859,000
  • Price sqft: $214
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 4021
  • Bedrooms: 8
  • Total Baths: 8
  • Days On Market: 12
  • Additional Information
  • Geolocation: 28.6752 / -81.4878
  • County: ORANGE
  • City: APOPKA
  • Zipcode: 32703
  • Subdivision: Dovehill
  • Provided by: ELEVATE REALTY LLC
  • Contact: Laura Auten
  • 561-427-3923
  • mfrmls
  • DMCA Notice

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, Floridaa 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, 2011all 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 fundamentalsnew systems, high demand finishes, and a prime Apopka location. Whether youre 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**, dont 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Sliding Doors
  • Flooring: Luxury Vinyl, Vinyl
  • Living Area: 3587.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric, Other
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Other, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Trash Collection, Water
Other Features
  • Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: Other, Window Treatments
  • Legal Description: DOVEHILL 12/91 LOTS 5 THROUGH 8
  • Area Major: 32703 - Apopka
  • Parcel Number: 11-21-28-2149-00-050
  • Views: 16
  • Zoning Code: R-2
Nearby Subdivisions
Apopka Town   Apopka Wekiwa Homesites   Dovehill   Yogi Bears Jellystone Park Con  
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Details for 626 Marvin C Zanders Avenue, APOPKA, FL 32703
$799,000.00 ($280.35 / sqft )

626 Marvin C Zanders Avenue More Like This

Incredible investment opportunity! This unique property at 626 Marvin C Zanders Ave, Apopka, FL features 5 income generating homes on 0.81 acres. Four of the five homes are currently occupied, with lo

  1. Request Information
  1. Bedrooms: 7
  2. Baths: 5
  3. Approx. 2850 sqft
  1. MLSID: O6292240
  2. Provided by REGENCY REAL ESTATE LLC
  3. Contact Evelyn Tejada
  4. mfrmls
  5. DMCA Notice
48 Pictures and Information

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