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1962 Crystal Grove Dr
For Sale $675,000 ($166.42 per Sq Ft)
$675,000 ($166.42 per Sq Ft)
- 8 Bedrooms
- 4 Bathrooms
- 4,056 Sq Ft
- 11,827 Sq Ft
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $675,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,056 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1986 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 242828247010017321 |
| MLS # | TB8497949 |
| Property ID | 301348580 |
| Lot Sqft | 11,827 |
| Zoning | PUD |
| Days on Market | 45 |
| Original List Price | $700,000 |
| Date Updated | May 11, 2026 |
| Date Created | April 15, 2026 |
Listing Provided By
Ken Jones an agent of . Lic #3342591
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of May 11, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT