1. Florida
  2. Apopka
  3. 1236 DOVEHILL DRIVE
$839,000

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 $234/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This fully renovated 4-unit multifamily property in the heart of Apopka is a turnkey investment offering strong cash flow and long-term upside. All four units are fully occupied, generating a gross monthly rent of $7,125, plus an additional $100 per month from on-site laundry machine rentals. The current cap rate is 7.03%, with a projected increase to 7.91% by year five. A five-year pro forma estimates total profit at $253k with an 97% return on investment at the current purchase price. Recent upgrades include a new permitted roof installed in 2017, new water heaters, new electrical panels, and central air units installed in 2020, 2020, 2016, and 2011—all recently serviced and in excellent condition. The property features two fully permitted septic systems, with one drain field replaced in 2021 and the other in 2024. Each unit has been modernized with granite countertops, gray shaker cabinets, black fixtures, new blinds, updated bathrooms, and luxury waterproof wood plank flooring with a lifetime warranty. Stainless steel appliances and fresh interior paint complete the high-end finish. Each unit includes laundry hookups, private patios, and spacious backyards. The exterior has been refreshed with new exterior paint and a newly resealed parking lot. Annual gross income is currently $84k. Additional value-add opportunities include backyard storage units or expanded laundry rentals to increase revenue. Insurance quote available in broker documents is $6,587 per year. 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

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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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.