1962 Crystal Grove Dr, Lakeland, Florida 33801
- $675,000
- $700,000
1962 Crystal Grove Dr, Lakeland, Florida 33801
- $675,000
- $700,000
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.
Details
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Property ID TB8497949
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Price $675,000
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Land Area 0.27 Acres
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Bedrooms 8
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Bathrooms 4
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Year Built 1986
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Property Type Quadruplex, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash, Conventional, FHA
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Roof Shingle
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Utilities Electricity Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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County Polk
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Property Type Residential Income
Address
Open on Google Maps-
Address: 1962 CRYSTAL GROVE DRIVE
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City: Lakeland
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State/county: FL
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Zip/Postal Code: 33801
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Country: US
360° Virtual Tour
What's Nearby?
- Active Life
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Active Staffing Services (0.54 mi)
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Active Outdoorsman Taxidermy (2.43 mi)
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Mrs O's Active Learners Enrichment Center (2.83 mi)
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Active Medical Transport (8.49 mi)
- Restaurants
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Monita's Tacos (0.12 mi)
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Fritan'go Food truck (0.15 mi)
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Syds Pizza (0.28 mi)
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Burger King (0.33 mi)