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 $239
Subdivision Dovehill
MLS Listing ID A4646391
Bedrooms 8
HOA Y/N No
Originating Board Stellar MLS
Year Built 1984
Annual Tax Amount $8,737
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Orange
Community Dovehill
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
