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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.
| DAYS ON MARKET | 8 | LAST UPDATED | 4/2/2025 |
|---|---|---|---|
| TRACT | DOVEHILL | YEAR BUILT | 1984 |
| COMMUNITY | 32703 - Apopka | COUNTY | Orange |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Freezer, Microwave, Range, Refrigerator |
| AREA | 32703 - Apopka |
| CONSTRUCTION | Stucco |
| EXTERIOR | Other |
| HEAT | Electric, Other |
| INTERIOR | Other |
| LOT | 0.35 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | DOVEHILL |
| TAXES | 8737 |
| UTILITIES | Electricity Connected, Other, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
30 Years
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| April / 3 | |
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Listing provided by Laura Auten, ELEVATE REALTY LLC, 561-427-3923
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/3/25 4:33 PM PDT.
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