1962 Crystal Grove Drive Lakeland, FL 33801
For Sale MLS# TB8497949
8 beds 4 baths 4,056 sq ft Multi-family
Details for 1962 Crystal Grove Drive
MLS# TB8497949
Description for 1962 Crystal Grove Drive, Lakeland, FL, 33801
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.27 Acres
Square Feet: 4,056 sq ft
Year Built: 1986
Construction: Concrete,Vinyl Siding
Property Attached: Yes
Subdivision: Crystal Grove
Foundation: Slab
County: Polk
Additonal Room Information
Laundry: Inside
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Fence
Community Features
Community Features: Sidewalks
Unit Information
Unit 1 Units Total: 4
Unit 1 Actual Rent: 6000
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Driving Directions
Take Exit 33 for Socrum Loop Rd / FL-33 Head south on FL-33 / Socrum Loop Rd toward Lakeland Continue for approximately 3–4 miles Turn left onto Crystal Grove Dr Follow Crystal Grove Dr to 1962 Crystal Grove Dr (property will be on your side of the street)
Financial Considerations
Terms: Cash,Conventional,FHA
Tenant Pays: Electricity,Sewer,Water
Gross Income: 69600
Tax/Property ID: 24-28-28-247010-017321
Tax Amount: 5943
Tax Year: 2025
A broker reciprocity listing courtesy: EXP REALTY LLC
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1962 Crystal Grove Drive
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1962 Crystal Grove Drive
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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