1962 Crystal Grove Drive, LAKELAND, FL 33801
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  • MLS#: TB8497949 ( Residential Income )
  • Street Address: 1962 Crystal Grove Drive
  • Viewed: 2
  • Price: $700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 1
  • 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Sidewalk
  • Living Area: 4056.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Sewer, Water
Other Features
  • Country: US
  • Interior Features: Thermostat
  • Legal Description: CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
  • Area Major: 33801 - Lakeland
  • Parcel Number: 24-28-28-247010-017321
  • Zoning Code: PUD
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Headshot for Associate Sara Oquendo
  1. Sara Oquendo, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.428.8657
  4. saraoquendo1972@gmail.com