Apopka, FL 32703,1236 DOVEHILL DR
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Apopka, FL 32703,1236 DOVEHILL DR
Apopka, FL 32703,1236 DOVEHILL DR
Apopka, FL 32703,1236 DOVEHILL DR
Apopka, FL 32703,1236 DOVEHILL DR
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Heather Perez-Hollis
$ 839,000
Est. payment /mo
Price Dropped by $5K

1236 DOVEHILL DR Apopka, FL 32703

8 Beds

8 Baths

3,587 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,587 sqft

Price per Sqft $233

Subdivision Dovehill

MLS Listing ID A4646391

Bedrooms 8

HOA Y/N No

Year Built 1984

Annual Tax Amount $8,737

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Quadruplex

Source Stellar MLS

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.

Location

State FL

County Orange

Community Dovehill

Area 32703 - Apopka

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


Stellar MLS
Listed by ELEVATE REALTY LLC
agent

Heather Perez-Hollis

Advisor | License ID: 3334647

+1(904) 571-5262

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1236 DOVEHILL DR