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

  • Property ID TB8497949
  • Price $675,000
  • Land Area 0.27 Acres
  • Bedrooms 8
  • Bathrooms 4
  • Year Built 1986
  • Property Type Quadruplex, Residential Income
  • Property Status Active

Additional details

  • Listing Terms Cash, Conventional, FHA
  • Roof Shingle
  • Utilities Electricity Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • County Polk
  • Property Type Residential Income
  • Address: 1962 CRYSTAL GROVE DRIVE
  • City: Lakeland
  • State/county: FL
  • Zip/Postal Code: 33801
  • Country: US

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What's Nearby?

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Restaurants
Monita's Tacos (0.12 mi)
Exceptional 5 reviews
Fritan'go Food truck (0.15 mi)
Good 9 reviews
Syds Pizza (0.28 mi)
0 reviews
Burger King (0.33 mi)
Fair 8 reviews

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