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 $700,000A 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.
Listed By
Agency Name: EXP REALTY LLC
Agency Contact: 888-883-8509
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimated Payment
$ 4,239.00 per month $3,539.58 Principal & Interest $495.25 Property Tax $204.17 Homeowner's InsuranceSend an email with a link to
1962 Crystal Grove Drive, Lakeland, FL 33801.
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1962 Crystal Grove Drive, Lakeland, FL 33801.
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1962 Crystal Grove Drive | MLS# TB8497949
This multi-family property located at 1962 Crystal Grove Drive, Lakeland, FL 33801 is currently listed for sale with an asking price of $700,000. Search Lakeland real estate on www.watsonrealtycorp.com today.