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About This Home

This 8-bedroom, 0-bathroom multi-family at 1962 CRYSTAL GROVE DRIVE in Lakeland, FL is listed for $675,000 ($166 per sqft). Built in 1986, the home offers 4,056 sqft of living space on a 0.27 acres lot.

Agent 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.

Key Features

  • Built in 1986
  • 0.27 acre lot

Property Details

1986

Monthly Cost Estimate

$3,610/mo

20% down · 6.5% · 30 years

Principal$488
Interest$2,925
Insurance$197

Estimates only. Actual payments may vary.

Location

1962 CRYSTAL GROVE DRIVE

Lakeland, FL 33801

CRYSTAL GROVE

Features & Amenities

Interior Features

Thermostat

Exterior Features

FenceSidewalk

Property Details

Construction

ConcreteVinyl Siding

Heating

Central

Cooling

Central Air

Questions & Answers

This 8-bedroom, 0-bathroom multi-family at 1962 CRYSTAL GROVE DRIVE is listed at $675,000 ($166/sqft). The estimated monthly payment is $2,925 based on 20% down at 6.5% interest.

Key features include: Built in 1986, 0.27 acre lot. Interior Features: Thermostat. Exterior Features: Fence, Sidewalk.

This property is listed by Ken Jones and can be reached at 7275101624 or ken@sklrealestate.com.

KJ

Ken Jones

Agent at EXP REALTY LLC

(727) 510-1624

Listed by EXP REALTY LLC · View on Broker Site

MLS# TB8497949· Source: listhub· Updated 47 days ago

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.

1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801

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