1962 CRYSTAL GROVE DRIVE Lakeland, FL $ 700,000
1962 CRYSTAL GROVE DRIVE
$ 700,000
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1962 CRYSTAL GROVE DRIVE

Lakeland, FL, 33801
$ 700,000
Bedrooms8 Baths4.0 Sq 4,056

Monthly Estimate*

$ 4,310

1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801 - Image 1
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1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801 - Image 5
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1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801 - Image 7

Multi-Family Home for sale in Lakeland, FL

for $700,000 with 8 bedrooms and 4 full baths. This 4,056 square foot home was built in 1986 on a lot size of 0.27.

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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Multi-Family Active

Price

$ 700,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,943

Style

Quadruplex

Lot Size

0.27

Year Built

1986

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

TB8497949

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected
Roof Shingle
Zoning PUD
Construction Materials Concrete Vinyl Siding
Year Built 1986
Tenant Pays Electricity Sewer Water
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Gross Income 69600
County Polk
New Construction false
Property Type Residential Income
Subdivision Name CRYSTAL GROVE
Garage Y/N false
Status Active
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)
City LAKELAND
Senior Community Y/N false
MLS Area 33801 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 11827
Carport Y/N false
Listing Terms Cash Conventional FHA
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 5943
Ok to Lease 12 Months
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot Q-32
Total Actual Rent 5800
Legal Description CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Thermostat
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Fenced Sidewalk
Water Source Public
Lot Size Area 11827
Foundation Details Slab
Number of Buildings 1
Lot Size Acres 0.27
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Exp Realty Llc

Broker

ken@sklrealestate.com

Email

Affordability Calculator

$4,805
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$495
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$700,000 Listed Price

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1962 CRYSTAL GROVE DRIVE, Lakeland, FL, 33801 is a Multi-Family Home for sale at $700,000 with 4,056 sqft and a lot size of 0.27. 1962 CRYSTAL GROVE DRIVE has 8 bedrooms, 4.0 baths, and was built in 1986. The property's zip code is 33801 which is in Lakeland, FL