For sale· 7 days on market
1962 CRYSTAL GROVE Drive
Lakeland, FL, 33801·MLS# O6434625
$650,000
Estimated $4,257/mo estimated
- 8
- Bedrooms
- 8
- Bathrooms
- 4,056
- Sq ft
- 0.27 ac
- Lot size
- 1986
- Year built
- $160
- Per sq ft
- Residential Income
- Built 1986
About this home
Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**
Facts & features
Interior
- Bedrooms
- 8
- Bathrooms
- 8 full
- Living area
- 4,056 sqft
Property
- Type
- ResidentialIncome
- Year built
- 1986
- Lot size
- 0.27 acres
Financial
- Annual taxes
- $5,943.02
- Price / sqft
- $160
Estimate your monthly payment
$4,257/ month estimated
- Principal & interest$3,390
- Property tax$596
- Insurance$271
Illustrative estimate — not a lending offer.
Location
Lakeland, FL
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Courtesy of TRUDEALS REALTY CORP
reThought Real Estate
My local team · (407) 974-5509
$650,000
8 bd · 8 ba · 4,056 sqft