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1962 CRYSTAL GROVE DRIVE

Multi-family For Sale
$675,000

BTC: 10.97560976

ETH: 382.88313839

-$25K (2026/05/11)
69 days
8 bds
4,056 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1986
Lot:
0.27 Acres
Heating:
Central
Price/sqft:
$166
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$5,943
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: Fenced / Sidewalk

    Lot

    • Lot: 0.27 Acres

    Other Property Information

    • Parcel Number: 242828247010017321

    • Zoning: PUD

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $5,943

  • Source details

    • MLS ID: TB8497949

    Other facts

    • Construction Materials: Concrete / Vinyl Siding

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 4056

    • Water Source: Public

    • Subdivision Name: CRYSTAL GROVE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC