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.
Address
Open on Google Maps-
Address: 1962 CRYSTAL GROVE DRIVE
-
City: Lakeland
-
State/county: FL
-
Zip/Postal Code: 33801
-
Country: US
Details
Atualizado em abril 15, 2026 no 5:19 pm-
Property ID TB8497949
-
Price $700,000
-
Land Area 0.27 m²
-
Bedrooms 8
-
Bathrooms 4
-
Garage Size x x
-
Year Built 1986
-
Property Type Quadruplex, Residential Income
-
Property Status Active, For Sale
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
Features
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees