Overview
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!**
Address
- Street1962 CRYSTAL GROVE
- CityLakeland
- SubdivisionCRYSTAL GROVE
- CountyPolk
- StateFL
- Zip33801
- MLS #O6434625
Interior
- Bathrooms Total Integer8
- Bedrooms Total8
- CoolingCentral Air
- CoolingYes
- HeatingCentral
- HeatingYes
- Interior FeaturesOther
- Laundry FeaturesLaundry Room
- LevelsOne
- Living Area4,056
- Living Area SourcePublic Records
- Living Area UnitsSquare Feet
Exterior
- Exterior FeaturesGarden
- Lot Size Acres0
- Lot Size Area11,827
- Lot Size Dimensions108 x 110
- Lot Size Square Feet11,827
- Lot Size UnitsSquare Feet
- Road Surface TypePaved
- RoofShingle
Structure
- Construction MaterialsConcrete
- Foundation DetailsBlock
- Number Of Buildings1
- Year Built1986
Utilities
- SewerPublic Sewer
- UtilitiesCable Available, Electricity Connected, Sewer Connected, Water Connected
- Water SourcePublic
Financial
- Parcel Number242828247010017321
- Tax Annual Amount5,943
- Tax Book Number72-33
- Tax Legal DescriptionCRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
- Tax LotQ-32
- Tax Year2025
- ZoningPUD
Location
- CountryUnited States
- County Or ParishPolk
- DirectionsFrom I-4: Take Exit 33 for Socrum Loop Road / FL-33 and head south on FL-33/Socrum Loop Road toward Lakeland. Continue approximately 3–4 miles, then turn left onto Crystal Grove Drive. Follow Crystal Grove Drive to 1962 Crystal Grove Drive; the property will be on your side of the street.
- Latitude28
- Longitude-82
- MLS Area Major33801 - Lakeland
- Postal Code33801
- Postal Code Plus48034
- Street NameCRYSTAL GROVE
- Street Number1962
- Street Number Numeric1,962
- Street SuffixDRIVE
- Subdivision NameCRYSTAL GROVE
- Unparsed Address1962 CRYSTAL GROVE DRIVE
Features & Amenities
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- Principal & interest
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