To schedule a showing of 1962 Crystal Grove Drive, Lakeland, Florida, Call David Shippey at 863-521-4517 TODAY!
$675,000 | 8 beds | N/A full baths | N/A half baths | 4,056 sqft
Lakeland, FL 33801
- 8Beds
- 4.00Total Baths
- 0 Full, 0 HalfBaths
- 4,056SqFt
- 1986Year Built
- 0.27Acres
- MLS# TB8497949
- Income
- Quadruplex
- Active
- Approx Time on Market1 month, 30 days
- Area33801 - Lakeland
- CountyPolk
- Subdivision Crystal Grove
Overview
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 $700,000A 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.
Agriculture / Farm
Association Fees / Info
Community Features: Sidewalks
Bathroom Info
Total Baths: 4.00
Building Info
Roof: Shingle
Buyer Compensation
Exterior Features
Exterior Features: Fence
Fees / Restrictions
Financial
Gross Income: 69,600
Expense Tenant: Electricity, Sewer, Water
Original Price: $700,000
Garage / Parking
Green / Env Info
Interior Features
Laundry Features: Inside
Lot Info
Direction Remarks: Take Exit 33 for Socrum Loop Rd / FL-33Head south on FL-33 / Socrum Loop Rd toward LakelandContinue for approximately 3-4 milesTurn left onto Crystal Grove DrFollow Crystal Grove Dr to 1962 Crystal Grove Dr (property will be on your side of the street)
Lot Size Units: Acres
Lot Size Acres: 0.27
Lot Sqft: 11,827
Misc
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 28
Class Type: Quadruplex
Property Sub Type: Quadruplex
Property Attached: Yes
Construction Materials: Concrete, VinylSiding
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 4,056
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: Q-32
Tax Legal Description: CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
Tax Annual Amount: 5943
Tax Book Number: 72-33
Unit Info
Total Actual Rent: 5,800
Utilities / Hvac
Heating: Central
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir
Cooling: Yes
Heating: Yes
Utilities: ElectricityConnected
Waterfront / Water
Directions
Take Exit 33 for Socrum Loop Rd / FL-33Head south on FL-33 / Socrum Loop Rd toward LakelandContinue for approximately 3-4 milesTurn left onto Crystal Grove DrFollow Crystal Grove Dr to 1962 Crystal Grove Dr (property will be on your side of the street)This listing courtesy of Exp Realty Llc
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MLS IDX data last updated on 06-14-2026 8:04 PM EST.
If you have any questions on 1962 Crystal Grove Drive, Lakeland, Florida, please call David Shippey at 863-521-4517.
MLS# TB8497949 located at 1962 Crystal Grove Drive, Lakeland, Florida is brought to you by David Shippey REALTOR®
1962 Crystal Grove Drive, Lakeland, Florida has 8 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 1962 Crystal Grove Drive, Lakeland, Florida is TB8497949.
The price for 1962 Crystal Grove Drive, Lakeland, Florida is $675,000.
The status of 1962 Crystal Grove Drive, Lakeland, Florida is Active.
The subdivision of 1962 Crystal Grove Drive, Lakeland, Florida is Crystal Grove.
The home located at 1962 Crystal Grove Drive, Lakeland, Florida was built in 2026.