1236 DOVEHILL DRIVE

APOPKA, FL 32703

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.

Listing courtesy of ELEVATE REALTY LLC 5614273923



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Last checked: 2025-04-04 12:13 AM EDT