1236 Dovehill Dr Apopka, FL 32703
Estimated payment $5,300/month
Highlights
- No HOA
- Laundry Room
- Luxury Vinyl Tile Flooring
- Covered Patio or Porch
- Sliding Doors
- Central Air
About This Home
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 Agent
ELEVATE REALTY LLC Brokerage Phone: 561-427-3923 License #3499523 Listed on: 03/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,737
Year Built
- Built in 1984
Home Design
- Quadruplex
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 3,587 Sq Ft Home
- Window Treatments
- Sliding Doors
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
Flooring
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Central Air
- Heating Available
- Septic Tank
Additional Features
- Covered Patio or Porch
- 0.35 Acre Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 5
- Assessor Parcel Number 11-21-28-2149-00-050
Community Details
Overview
- No Home Owners Association
- 4,021 Sq Ft Building
- Dovehill Subdivision
Building Details
- Operating Expense $25,101
- Gross Income $84,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,737 | $503,185 | $135,000 | $368,185 |
| 2024 | $7,733 | $441,548 | -- | -- |
| 2023 | $7,733 | $417,712 | $135,000 | $282,712 |
| 2022 | $6,918 | $359,785 | $120,000 | $239,785 |
| 2021 | $6,522 | $331,933 | $120,000 | $211,933 |
| 2020 | $6,057 | $333,914 | $120,000 | $213,914 |
| 2019 | $5,720 | $283,031 | $80,000 | $203,031 |
| 2018 | $5,498 | $277,758 | $80,000 | $197,758 |
| 2017 | $5,100 | $249,663 | $80,000 | $169,663 |
| 2016 | $4,630 | $212,554 | $48,000 | $164,554 |
| 2015 | $4,504 | $205,864 | $48,000 | $157,864 |
| 2014 | $4,427 | $192,789 | $48,000 | $144,789 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $839,000 | 0.0% | $234 / Sq Ft |
| 07/24/2025 07/24/25 | Pending | -- | -- | -- |
| 07/18/2025 07/18/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | Price Changed | $839,000 | 0.0% | $234 / Sq Ft |
| 06/27/2025 06/27/25 | For Sale | $839,000 | -0.6% | $234 / Sq Ft |
| 06/03/2025 06/03/25 | Off Market | $844,000 | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $844,000 | 0.0% | $235 / Sq Ft |
| 05/17/2025 05/17/25 | Pending | -- | -- | -- |
| 05/09/2025 05/09/25 | Price Changed | $844,000 | -1.7% | $235 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $859,000 | +48985.7% | $239 / Sq Ft |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 04/14/2025 04/14/25 | Off Market | $1,750 | -- | -- |
| 04/07/2025 04/07/25 | For Sale | $859,000 | 0.0% | $239 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/27/2025 03/27/25 | For Sale | $859,000 | 0.0% | $239 / Sq Ft |
| 03/11/2025 03/11/25 | For Rent | $1,750 | 0.0% | -- |
| 03/11/2025 03/11/25 | Price Changed | $1,750 | +2.9% | $2 / Sq Ft |
| 11/30/2024 11/30/24 | Off Market | $1,700 | -- | -- |
| 11/21/2024 11/21/24 | For Rent | $1,700 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $579,900 | None Listed On Document | |
| Warranty Deed | $535,000 | None Listed On Document | |
| Warranty Deed | $124,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $567,000 | Construction | |
| Previous Owner | $169,000 | New Conventional | |
| Previous Owner | $192,000 | Unknown | |
| Previous Owner | $146,300 | Credit Line Revolving | |
| Previous Owner | $103,967 | Credit Line Revolving |
Source: Stellar MLS
MLS Number: A4646391
APN: 11-2128-2149-00-050
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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