1962 Crystal Grove Drive, Lakeland, FL 33801

Lakeland
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
1962 Crystal Grove Drive,Lakeland, FL 33801
$675,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 4,056 sq. ft.
  • Multi-family
  • Active
Listed by: ken jones
Office: exp realty llc.
MLS#:TB8497949
Source:MFRMLS

Price summary

  • Price:$675,000
  • Price per sq. ft.:$166.42

About this home

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...

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Home facts

  • Year built:1986
  • Listing ID #:TB8497949
  • Added:75 day(s) ago
  • Updated:June 29, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:4,056 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1986
  • Building area:4,056 sq. ft.
  • Lot area:0.27 Acres
  • Construction Materials:Concrete, Vinyl Siding
  • Exterior Features:Fence, Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$675,000
  • Price per sq. ft.:$166.42
  • Tax amount:$5,943 (2025)

Features and amenities

  • Laundry features:Inside
  • Amenities:Thermostat
  • Pool features:Public Pool
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