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1236 Dovehill Drive

APOPKA, FL 32703

8 beds
8 baths
3,587 sqft
15,290 sqft lot
$233 per sqft
1984 build
– on site

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 courtesy of STELLAR_MLS / ELEVATE REALTY LLC

Last checked: Checking… • Last updated Jul 7, 2025 •

MLS# A4646391 —

The Building

Year Built:

1984
New Construction:

false
Construction Materials:

Stucco
Roof:

Shingle
Foundation Details:

Slab
Patio And Porch Features:

Covered
# of Buildings:

1
Building Area Total:

4021
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Other
Flooring:

Luxury Vinyl
Fireplace:

false

Room Dimensions

Living Area:

3587
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

At Exit 30, head right on the ramp for FL-414 East toward Maitland, Keep right, heading toward Apopka, Turn right onto US-441 S / W Orange Blossom Trail, Keep left to get onto FL-436 East, Turn left onto S Thompson Rd, Turn right onto Dovehill Dr.
Latitude:

28.675155
Longitude:

-81.487836
Coordinates:

-81.487836, 28.675155

The Property

Parcel Number:

112128214900050
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size Acres:

0.35
Lot Size Area:

15290
Lot Size SqFt:

15290
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R-2
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12095C0140F
Additional Parcels:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

5
Tax Legal Description:

DOVEHILL 12/91 LOTS 5 THROUGH 8
Tax Book Number:

12-91
Tax Annual Amount:

$8,737

Beds

Bedrooms Total:

8

Baths

Total Baths:

8

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4646391
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank

Appliances

Appliances:

Dishwasher
Laundry Features:

Electric Dryer Hookup

The Community

Subdivision Name:

DOVEHILL
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/27/25 Jun 27, 2025	Price Changed	STELLAR_MLS	$839,000	-0.6%
6/3/25 Jun 3, 2025	Relisted	STELLAR_MLS	$844,000
5/20/25 May 20, 2025	Pending	STELLAR_MLS	$844,000

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This multifamily located in Dovehill, FL 32703 is currently for sale for $839,000. 1236 Dovehill Drive is a 3,587 square foot multifamily with 8 beds and 8 baths that has been on Estately for 108 days. 1236 Dovehill Drive is in the Dovehill neighborhood of APOPKA and has a WalkScore® of 43, making it car-dependent. This multifamily is in the attendance area of Cornerstone Charter Academy K-8, Piedmont Lakes Middle School, Lovell Elementary School, Cornerstone Charter Academy High School, and Wekiva High School.

Listing Courtesy of: STELLAR_MLS and ELEVATE REALTY LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.