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1962 CRYSTAL GROVE DR,  LAKELAND, FL 33801

MLS# TB8497949.  8 beds.  0.0 baths.  Apartment.  Active

$5,943 in taxes (2025)

$700,000

 

Remarks:

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.

Quick Info:

  • Listing is courtesy Of: EXP REALTY LLC ((888-883-8509))
  • Listing Agent: Ken Jones ((727-510-1624))
  • Days on yellowkey: 1
  • Property Type: Apartment
  • Beds: 8
  • Baths: 0.0
  • Living Area Square Feet: 4056
  • Built 1986
  • Taxes: $5,943 (2025)
  • Garage Spaces: ()
  • Square Feet:
  • Fees: $0
  • Polk County
  • Terms: Cash, Conventional, FHA
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  • Development Name:
  • Subdivision Name: CRYSTAL GROVE
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
4/15/2026Sale1TB8497949listed for sale$700,000-MLS




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