Pete Radeka
(813) 760-1979
(813) 760-1979
BEDS8
BATHS
SQUARE FEET4,056
MLS#TB8497949
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCRYSTAL GROVE
Property 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 $700,000A 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.27 Acres
Roof Type: Shingle
Taxes: $5,943
Year Built: 1986
Amenities
Thermostat
Fence
Sidewalk
Feature Descriptions
Annual Net Income: 62000.00
Directions: Take Exit 33 for Socrum Loop Rd / FL-33Head south on FL-33 / Socrum Loop Rd toward LakelandContinue for approximately 3â??4 milesTurn left onto Crystal Grove DrFollow Crystal Grove Dr to 1962 Crystal Grove Dr (property will be on your side of the street)
Exterior: Concrete, Vinyl Siding
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA
Lot Dimensions: 0.27
Ownership: Fee Simple
Property Attached Y/N: Yes
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Do Not Contact Tenants, See Remarks
Special Sale Provisions: None
Utilities: Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: PUD
Listed By / Shown By
Listed By
Agency Name: EXP REALTY LLC
Agency Contact: 888-883-8509
Shown By
Agent Name: Pete Radeka
Agent Phone: (813) 760-1979
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 2,257.31 per month $1,557.90 Principal & Interest $495.25 Property Tax $204.17 Homeowner's InsuranceChange Payment Information
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1962 Crystal Grove Drive | MLS# TB8497949
This multi-family property located at 1962 Crystal Grove Drive , Lakeland, FL 33801 is currently listed for sale with an asking price of $700,000. Search Lakeland real estate on pradeka.floridaexecutiverealty.com today.