Active

$675,000

Features:
  • 8 Bedrooms
  • 4 Bathrooms
  • 4056 sq ft
Overview
  • ID: MFRTB8497949
  • Bedrooms: 8
  • Bathrooms: 4
  • Size: 4056 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$675,000
HOA Fee:
N/A
Tax Amount:
$5943
Price per SqFt:
$166.42
Tax Legal Description:
CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
Exterior Features
Lot Size:
11827
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1986
Construction Type:
Concrete, Vinyl Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1962 CRYSTAL GROVE DR
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