1962 CRYSTAL GROVE DR, LAKELAND, FL, 33801
$675,000
Residential Income
Bedrooms
8
Bathrooms
8
Living Area
4,056 Sqft
Lot Size
11,827 Sqft
Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**
Property Details
Property Features Property Features
MLS ID: MFRO6434625 Year Built: 1986
Construction Materials: Concrete Cooling: Central Air
Country: US County Or Parish: Polk
Exterior Features: Garden Financial Data Source: Owner
Foundation Details: Block Heating: Central
Laundry Features: Laundry Room Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Possession: Close Of Escrow Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, See Remarks, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected Water Source: Public
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