7
  • Property Type
  • Quadruplex, Residential Income
  • 8
  • Bedrooms
  • 4
  • Bathrooms

1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801

  • $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.

  • 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

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