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1962 CRYSTAL GROVE DRIVE
LAKELAND FL 33801 US

$700,000

Active Listing ID TB8497949
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8 bed
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Lot: 0.27 Acres
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Quadruplex

$700,000

Active Listing ID TB8497949
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1962 CRYSTAL GROVE DRIVE 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 Features

  • Facts
  • Lot Size: 0.27 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Fence, Sidewalk
  • Roof Type: Shingle
  • Heating Fuels: Central

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 700000
  • unparsedaddress: 1962 CRYSTAL GROVE DRIVE
  • postalcity: LAKELAND
  • stateorprovince: FL
  • country: US
  • postalcode: 33801
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.27
  • lotsizeunits: Acres
  • lotsizearea: 0.27
  • livingarea: 4056
  • livingareaunits: Square Feet
  • latitude: 28.018837
  • longitude: -81.914269
  • listagentfullname: Ken Jones
  • listagentemail: ken@sklrealestate.com
  • listagentkey: 3yd-MFRMLSFL-261552096
  • listagentmlsid: 261552096
  • listagentpreferredphone: 7275101624
  • listagentofficephone: 8888838509
  • listofficekey: 3yd-MFRMLSFL-261010944
  • listagentstatelicense: 3342591
  • listofficemlsid: 261010944
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1986
  • listingcontractdate: 2026-04-15
  • listagenturl: http://www.orlandopowersearch.com
  • countyorparish: Polk
  • parcelnumber: 24-28-28-247010-017321
  • cooling: Central Air
  • constructionmaterials: Concrete, Vinyl Siding
  • heating: Central
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Thermostat
  • exteriorfeatures: Fence, Sidewalk
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -81.91427, 28.018837
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ken@sklrealestate.com", "ListBrokerageCity":"Jacksonville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"adminfl@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MFRMLSFL/c6fdd871eb7511dfbe2300219b994c72/20101108160457523.png", "ListBrokerageName":"eXp Realty LLC", "ListBrokeragePhone":"(888) 883-8509", "ListBrokeragePostalCode":"32256", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10752 DEERWOOD PARK BLVD. SUITE 100", "ListBrokerageWebsiteUrl":"http://www.orlandopowersearch.com", "ListOfficeAddress1":"10752 Deerwood Park Blvd., Suite 100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Jacksonville", "ListOfficeCountry":"US", "ListOfficeEmail":"a.shahin.broker@exprealty.net", "ListOfficePostalCode":"32256", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - LAKELAND, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1962-Crystal-Grove-Dr_Lakeland_FL_33801_M67967-51897?f=listhub&s=MFRMLSFL&m=TB8497949&c=rexren", "MLSModificationTimestamp":"2026-04-15T19:23:10Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Quadruplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5943, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/16/2026 1:07:19 AM GMT
Source Updated Date: 4/28/2026 12:42:58 PM GMT

Courtesy of: Ken Jones, EXP REALTY LLC, ken@sklrealestate.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.