# 1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801

> **TL;DR:** 8bd/0ba multi-family, $675,000 ($166/sqft), built 1986, 4,056 sqft. Est. $2,925/mo. Listed 47 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $675,000 |
| Price/sqft | $166 |
| Bedrooms | 8 |
| Square Feet | 4,056 |
| Year Built | 1986 |
| Lot Size | 11,761 sqft (0.27 acres) |
| Property Type | Multi-Family (Quadruplex) |
| Status | For Sale |
| Days on Market | 47 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,925 |
| **Total** | **$2,925** |

## Property Highlights

- Built in 1986
- 0.27 acre lot

## Description

### 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.

## Location

- **Address:** 1962 CRYSTAL GROVE DRIVE, Lakeland, FL 33801
- **County:** Polk
- **Neighborhood:** CRYSTAL GROVE
- **Coordinates:** 28.018837, -81.914269
- **Google Maps:** https://www.google.com/maps?q=28.018837,-81.914269

## Listing Agent

- **Name:** Ken Jones
- **Brokerage:** EXP REALTY LLC
- **Phone:** 7275101624
- **Email:** ken@sklrealestate.com

## Primary Photo

![1962 CRYSTAL GROVE DRIVE - Primary Photo](http://lh.rdcpix.com/07910492e3466dc1862a61ebb45db73bl-f3446540616r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/1962-crystal-grove-drive-lakeland-fl-33801-b8497949)*

---

**MLS#:** TB8497949 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1962-crystal-grove-drive-lakeland-fl-33801-b8497949)

---

## Structured Data

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  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "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**.\r\n\r\nEach 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.\r\n\r\n**Investment Highlights:**\r\n\r\n* Quadruple",
  "url": "https://www.propertysimple.com/listing/1962-crystal-grove-drive-lakeland-fl-33801-b8497949",
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  "datePosted": "2026-06-18",
  "price": 675000,
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  "numberOfBedrooms": 8,
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    "value": 4056,
    "unitCode": "FTK"
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  "yearBuilt": 1986
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```