1962 CRYSTAL GROVE DR Lakeland, FL 33801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $172
Subdivision Crystal Grove
MLS Listing ID TB8497949
Bedrooms 8
HOA Y/N No
Year Built 1986
Annual Tax Amount $5,943
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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
State FL
County Polk
Community Crystal Grove
Area 33801 - Lakeland
Zoning PUD
Interior
Interior Features Thermostat
Heating Central
Cooling Central Air
Fireplace false
Laundry Inside
Exterior
Exterior Feature Fence, Sidewalk
Utilities Available Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete,Vinyl Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8497949
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