$675,000

1962 Crystal Grove Drive

Lakeland, FL 33801

Active

Beds

Baths

4,056

Sq Ft

0.27

Acres

1986

Built

◆$166/sqft◆360° tour

Quadruplex

Property type

1986

Year built

11,827 sqft

Lot size

$166

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$3,413

Property taxes$495

Home insurance (est.)$309

Down payment

20%

$135,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history26 days on market

Status: Active
Apr 15, 2026
Listed$700,000
Apr 15, 2026
Price reduced$675,000

Virtual Tour

Facts & features

Property type: Residential Income
Sub type: Quadruplex
Status: Active
Days on market: 26
Subdivision: Crystal Grove
County: Polk
Year built: 1986
Living area: 4,056 sq ft
Price/sq ft: $166
Lot size: 11,827 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X (12105C0320G)
Annual taxes: $5,943 (2025)
Parcel #: 24-28-28-247010-017321
Zoning: PUD
MLS #: TB8497949

Interior Details

Bedrooms: 8
Interior features: Thermostat
Laundry: Inside

Heating & Cooling

Heating: Central
Cooling: Central Air

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash, Conventional, FHA
Ownership: Fee Simple

Exterior & Construction

Exterior features: Fence, Sidewalk
Construction materials: Concrete, Vinyl Siding
Roof: Shingle
Foundation: Slab
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Electricity Connected

Listing Details

Listing date: 2026-04-15
On market date: 2026-04-15
Original list price: $700,000
MLS area: 33801 - Lakeland
Listing AOR: Sarasota - Manatee
Status changed: 2026-04-15
Tax legal description: CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT

Flood risk

Minimal riskFEMA Zone XPanel 12105C0320G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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)

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Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of May 11, 2026 at 11:29 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA