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Pending
  • $839,000

    1236 Dovehill Dr, Apopka, FL 32703

    8beds
    8baths
    3,587sqft
    : 
    Quadruplex, Multi Family
    Built in 1984
    -- sqft lot
    $792,200 Zestimate®
    $234/sqft
    $-- HOA

    What's special

    Private patiosFresh interior paintSpacious backyardsNewly resealed parking lotLaundry hookupsBlack fixturesUpdated bathrooms
    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.
    50 days
    on Zillow
    |
    251
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 10:26am

    Listing Provided by:

    Laura Auten 561-427-3923,

    ELEVATE REALTY LLC 561-427-3923

    Source: Stellar MLS,MLS#: A4646391MLS LogoOriginating MLS: Sarasota - Manatee

    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Electric, Other
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Freezer, Microwave, Range, Refrigerator
    • Laundry: Electric Dryer Hookup, Laundry Closet, Laundry Room, Washer Hookup
    Features
    • Other
    • Flooring: Luxury Vinyl, Vinyl
    • Doors: Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 4,021
    • Total interior livable area: 3,587 sqft
    Video & virtual tour

    Property

    Features
    • Patio & porch: Covered, Patio, Rear Porch
    • Exterior features: Other
    Lot
    • Size: 0.35 Acres
    Details
    • Parcel number: 112128214900050
    • Zoning: R-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected, Other, Water Connected

    Community & HOA

    Community
    • Subdivision: DOVEHILL
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Apopka

    Financial & listing details

    • Price per square foot: $234/sqft
    • Tax assessed value: $468,978
    • Annual tax amount: $8,737
    • Date on market: 3/27/2025
    • Listing terms: Cash,Conventional,VA Loan
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 7125
    • Tenant pays: Electricity, Trash Collection, Water
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Other
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