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$700,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 0.27 Acres
  • Updated 2 hours ago
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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.

Full Property Details for 1962 Crystal Grove Dr

General

  • Price: $700,000
  • Taxes: $5,943 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8497949
  • Updated: Today (4/15/2026)
  • Added to Site: Today

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Thermostat

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Fenced, Sidewalk

Location

  • Area: 33801 - Lakeland
  • County: Polk
  • Development Name: 33801 - Lakeland
  • Subdivision: CRYSTAL GROVE
  • Driving 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)

Community

  • Community Name: 33801 - Lakeland

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Concrete, Vinyl Siding
  • Roof: Shingle
  • Square Feet: 4,056
  • Sq. Ft. Source: Public Records
  • Year Built: 1986

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,827
  • Lot Size: 11827
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $5,943
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
  • Flood Zone Info: X
  • APN: 242828247010017321
  • Property ID: 242828247010017321

Listed by Exp Realty Llc

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Listing agent

— 1962 Crystal Grove Dr —

  • Exp Realty Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1962 Crystal Grove Dr

School District:Polk County School District
NameGradesDistance
Crystal Lake Elementary School, Lakeland, FL
700 Galvin Drive, Lakeland, FL 33801
PK-51 mi
Crystal Lake Middle School
2410 North Crystal Lake Drive, Lakeland, FL 33801
6-80.8 mi
Lakeland Senior High School
726 Hollingsworth Road, Lakeland, FL 33801
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1962 Crystal Grove Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Listed
$700,000
722.56%
MLS
12/28/2011
Sold
$85,100
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1962 Crystal Grove Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,943
35%
$530,400
81%
2024
$4,403
-14%
$292,608
-38%
2023
$5,140
47%
$468,384
111%
2021
$3,494
-6%
$222,106
-8%
2022
$3,706
6%
$241,049
58%
2021
$3,494
22%
$152,778
-2%
2017
$2,853
—
$155,624
5%
2017
$2,853
9%
$148,028
13%
2016
$2,606
7%
$130,465
9%
2015
$2,443
-20%
$120,100
-23%
2019
$3,041
34%
$156,049
35%
2014
$2,261
-1%
$115,326
1%
2013
$2,285
—
$114,468
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Exp Realty Llc

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1962 Crystal Grove Drive, Lakeland, FL 33801 (MLS# TB8497949) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 1962 Crystal Grove Drive is currently listed for $700,000 and was received on April 15, 2026. Want to learn more about 1962 Crystal Grove Drive? Do you have questions about finding other Multi-Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

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