1962 CRYSTAL GROVE DR, LAKELAND, FL, 33801
$700,000
Residential Income
Bedrooms
8
Bathrooms
4
Living Area
4,056 Sqft
Lot Size
11,827 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRTB8497949 Year Built: 1986
Construction Materials: Concrete, Vinyl Siding Cooling: Central Air
Country: US County Or Parish: Polk
Exterior Features: Fence, Sidewalk Foundation Details: Slab
Heating: Central Laundry Features: Inside
Lease Term: Twelve Months Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Do Not Contact Tenants, See Remarks Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Water Utilities: Electricity Connected
Water Source: Public
We love to hear from you