1236 Dovehill Drive
APOPKA, FL 32703
- 8 beds
- 8 baths
- 3,587 sqft
- 15,290 sqft lot
- $239 per sqft
- 1984 build
- – on site
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.
Last checked:
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Last updated Apr 7, 2025
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MLS# A4646391 —
The Building
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Year Built:1984
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New Construction:false
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Construction Materials:Stucco
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Roof:Shingle
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Foundation Details:Slab
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Patio And Porch Features:Covered
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# of Buildings:1
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Building Area Total:4021
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Other
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Flooring:Luxury Vinyl
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Fireplace:false
Room Dimensions
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Living Area:3587
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:At 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 Thompson Rd, Turn right onto Dovehill Dr.
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Latitude:28.675155
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Longitude:-81.487836
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Coordinates:-81.487836, 28.675155
The Property
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Parcel Number:112128214900050
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Lot Size Acres:0.35
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Lot Size Area:15290
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Lot Size SqFt:15290
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Lot Size Units:Square Feet
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Total Acres:1/4 to less than 1/2
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Zoning:R-2
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View:false
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Exterior Features:Other
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Water Source:Public
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Flood Zone Panel:12095C0140F
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Additional Parcels:false
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (561) 427-3923
- Office phone:
- (561) 427-3923
Taxes
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Tax Year:2024
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Tax Lot:5
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Tax Legal Description:DOVEHILL 12/91 LOTS 5 THROUGH 8
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Tax Book Number:12-91
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Tax Annual Amount:8737
Beds
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Bedrooms Total:8
Baths
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Total Baths:8
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4646391
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Special Listing Conditions:None
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Septic Tank
Appliances
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Appliances:Dishwasher
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Laundry Features:Electric Dryer Hookup
The Community
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Subdivision Name:DOVEHILL
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/7/25
Apr 7, 2025
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Relisted | STELLAR_MLS | $859,000 | |
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4/2/25
Apr 2, 2025
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Pending | STELLAR_MLS | $859,000 | |
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3/27/25
Mar 27, 2025
|
Listed / Active | STELLAR_MLS | $859,000 |
