1962 CRYSTAL GROVE DR, Lakeland, FL 33801
1962 CRYSTAL GROVE DR, Lakeland, FL 33801
1962 CRYSTAL GROVE DR, Lakeland, FL 33801
1962 CRYSTAL GROVE DR, Lakeland, FL 33801
1962 CRYSTAL GROVE DR, Lakeland, FL 33801
1962 CRYSTAL GROVE DR, Lakeland, FL 33801
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Angie Gooden

Angie Gooden

+1(843) 576-9551
$ 675,000
Est. payment | /mo

8 Beds

4 Baths

4,056 SqFt

Save Virtual Tour
$ 675,000
Est. payment | /mo
Save Virtual Tour

8 Beds

4 Baths

4,056 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,056 sqft

Price per Sqft $166

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

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

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

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Ken Jones EXP REALTY LLC

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1962 CRYSTAL GROVE DR

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My daughter and I decided to move to Summerville, SC from Kansas last year. We flew out to SC for a few days to look around and at this time, I didn't have a realtor yet. By chance, we stopped at an open house and met Angie!!! She was so nice and easy to talk with, almost like we had known each other for years! The next month, we flew back out and Angie had the day lined up with showings. She was great on pointing out the positives/negatives of each house. She wanted us to feel comfortable about our new home. Angie was extremely helpful with our long distance move. She was always available to answer any questions. We definitely made the right decision on Angie being our realtor!!! DeeAnna

DeeAnna McClendon

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+1(843) 576-9551 | agoodenrealtor@gmail.com

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