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Active Residential

1962 CRYSTAL GROVE DRIVE

Lakeland, FL 33801

STELLAR #TB8497949 Updated: May 11, 2026, 2:08pm
$675,000
8 Beds • 4 Baths • 4,056 SqFt
Property
ActiveResidential
1/7
$675,000

1962 CRYSTAL GROVE DRIVE

Lakeland, FL 33801
8
Beds
4
Baths
4,056
SqFt
0.27
Acres
STELLAR
#TB8497949
Updated: May 11, 2026, 2:08pm

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.
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Property Details

Interior
Cooling
Central Air
Heating
Central
Interior Features
Thermostat
Laundry Features
Inside
Living Area
4056
Construction
Building Area Units
Square Feet
Construction Materials
ConcreteVinyl Siding
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
Shingle
Year Built
1986
Site & Exterior
Exterior Features
FencedSidewalk
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.27
Lot Size Area
11827
Lot Size Square Feet
11827
Lot Size Units
Square Feet
Public Survey Range
24
Public Survey Section
28
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Electricity Connected
Water Source
Public
Zoning
PUD
Financials
Calculated List Price By Calculated Sq Ft
166.42
Contract Status Change Date
2026-04-15
Current Price
675000
Existing Lease Type
Gross
Feed Types
BBO
Lease Term
12 Months
Ownership
Fee Simple
Parcel Number
242828247010017321
Public Survey Township
28
Tax Annual Amount
5943
Tax Book Number
72-33
Tax Legal Description
CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
Tax Lot
Q-32
Tax Year
2025
Total Actual Rent
5800

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33801 - Lakeland
Subdivision Name
CRYSTAL GROVE
Listing provided courtesy of STELLAR via IDX. Updated: May 11, 2026, 2:08pm.
Ken Jones

Listing Agent

EXP REALTY LLC

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