1962 Crystal Grove Drive, LAKELAND, FL 33801
  • MLS#: TB8497949 ( Residential Income )
  • Street Address: 1962 Crystal Grove Drive
  • Viewed: 8
  • Price: $700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 6
  • Additional Information
  • Geolocation: 28.0188 / -81.9143
  • County: POLK
  • City: LAKELAND
  • Zipcode: 33801
  • Subdivision: Crystal Grove
  • Provided by: EXP REALTY LLC
  • Contact: Ken Jones
  • 888-883-8509
  • mfrmls
  • DMCA Notice
  • Description
    Income producing opportunity in Lakeland! This quadplex delivers strong and consistent cash flow, currently generating approximately **$70,000 in annual gross rental income**. Each of the four units is well positioned to attract and retain long term tenants, offering stability and minimal vacancy. The property is conveniently located near major roadways, shopping, dining, and employment centers, making it highly desirable in a strong rental market. **Investment Highlights:** * Quadruplex (4 units) * Gross Annual Income: ~$70,000 * Stable occupancy with consistent rental demand * Desirable Central Florida location * Opportunity for future rent growth **Investment Metrics (Pro Forma):** * Estimated Operating Expenses (30%): $21,000 * **Net Operating Income (NOI): $49,000** **Estimated Cap Rates:** * 7.0% at $700,000 A solid opportunity for investors seeking reliable income with upside potential in a growing market. Ideal for both seasoned investors and those looking to expand their portfolio with a performing asset.
Request More Information
  • All fields are required.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Fence
  2. Sidewalk
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Thermostat
Legal Description
  1. CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
Living Area
  1. 4056.00
Area Major
  1. 33801 - Lakeland
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 24-28-28-247010-017321
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Tenant Pays
  1. Electricity
  2. Sewer
  3. Water
Township
  1. 28
Utilities
  1. Electricity Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8497949
Water Source
  1. Public
Year Built
  1. 1986
Zoning Code
  1. PUD
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988