1962 CRYSTAL GROVE DRIVE LAKELAND FL 33801 MLS #TB8497949

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.