$700,000

1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801

  • 8 beds |
  • 4 baths |
  • 4,056 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $173/sqft
  • Property List Date Icon Listed 8 days ago

Property 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.

Listing Status:
Active
Date Added:
April 15, 2026
Data Last Updated:
April 23, 2026 at 7:21PM
Listing Office:
EXP REALTY LLC : 888-883-8509
Listing Agent:
Ken Jones : 727-510-1624
MLS ID:
TB8497949
  • General: Thermostat
  • Laundry: Inside
  • A/C: Central Air
  • Heating: Central
  • General: FenceSidewalk
  • Roofing: Shingle
  • General: ConcreteVinyl SidingSlab
  • Road/Access: Asphalt
  • Originating MLS: Stellar MLS
  • County: Polk
  • Zoning: PUDCRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT24-28-28-247010-017321
  • Utilities: Electricity Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Ken Jones , EXP REALTY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

South Mckeel Academy

2222 Edgewood Dr S, Lakeland, FL, 33803

Grades PK-7

0.47 miles away

S

South Mckeel Academy

2222 Edgewood Dr S, Lakeland, FL, 33803

Grades PK-7

0.47 miles away

R

Real Academy (Reaching Every Adolescent Learner)

951 Mount Airy Ave, Lakeland, FL, 33801

Grades 4-12

0.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.