Active

$859,000

Features:
  • 8 Bedrooms
  • 8 Bathrooms
  • 3587 sq ft
Overview
  • ID: MFRA4646391
  • Bedrooms: 8
  • Bathrooms: 8
  • Size: 3587 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$859,000
HOA Fee:
N/A
Tax Amount:
$8737
Price per SqFt:
$239.48
Tax Legal Description:
DOVEHILL 12/91 LOTS 5 THROUGH 8
Exterior Features
Lot Size:
15290
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
8
Heating:
Electric, Other
Cooling:
Central Air
Appliances:
Dishwasher, Freezer, Microwave, Range, Refrigerator
Furnished:
No
Floor:
Luxury Vinyl, Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1984
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    1236 DOVEHILL DR
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