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$675,000

1962 Crystal Grove Drive Lakeland, FL 33801 Multi Unit - Multiple Active

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Description

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!**

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.27 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,943
Year Built: 1986

General Information

Bedrooms: 8
Sqft: 4,056
County: Polk
Subdivision: CRYSTAL GROVE
Listed By:
Candace Garber TRUDEALS REALTY CORP 833-878-3325

Amenities

Other
Garden

Property Features

Annual Net Income: 19500.00
Directions: From I-4: Take Exit 33 for Socrum Loop Road / FL-33 and head south on FL-33/Socrum Loop Road toward Lakeland. Continue approximately 3â??4 miles, then turn left onto Crystal Grove Drive. Follow Crystal Grove Drive to 1962 Crystal Grove Drive; the property
Exterior: Concrete
Flood Zone Code: X
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.27
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: PUD
$675,000
8beds
4,056sqft
New to the Market Active
BEDS8 BATHS SQUARE FEET4,056 MLS#O6434625
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCRYSTAL GROVE

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1962 Crystal Grove Drive , Lakeland, FL 33801.

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Estimated Payment

$ 2,968.79 per month $2,276.66 Principal & Interest $495.25 Property Tax $196.88 Homeowner's Insurance

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