Address: 1962 Crystal Grove Drive, LAKELAND, FL 33801
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Fence, Sidewalk
Living Area: 4056.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Electricity Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Rental Information
Tenant Pays: Electricity, Sewer, Water
Other Features
Country: US
Interior Features: Thermostat
Legal Description: CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
**INVESTOR OPPORTUNITY** This building consists of four rented 2/2 apartments with each unit consisting of 1,000+ sqft of living space. Property offers a newer roof, newer AC units, newer plumbing, re
Combee Apartments, is a stabilized *8 unit multifamily property located at 1310 N Combee Rd in Lakeland, Florida. Set on a large 2.2 acre parcel, this five building complex combines long term income s
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.