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$6,900,000
1602 Crystal Grove Cir, Lakeland, FL 33801
0 Beds
0 Baths
32,558 SqFt

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Super community of separately deeded quadplexes. Low maintenance, 100% rented. 40 units in total with (20) 2/1's, (16) 1/1's and (4) 2/2's. Solid block construction and tile floors provide for easy maintenance and low operating expenses. Many units have been recently remodeled with tile floors, cabinets and fixtures. Sold together as 40 units, history of strong cash flow with strong occupancy, with an opportunity for rental increase. Offered at a pro forma 7% cap rate.
  • Price:
  • $6,900,000
  • Square Footage:
  • 32,558
  • Acreage:
  • 2.84
  • Year Built:
  • 1985
  • Listing ID #:
  • MFRG5047511
  • Street Address:
  • 1602 Crystal Grove Cir
  • City:
  • Lakeland
  • State:
  • Florida
  • Postal Code:
  • 33801
  • County:
  • Polk
  • Community:
  • Lakeland
  • Subdivision:
  • Crystal Grove
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 32558
  • Building Condition:
  • Completed
  • Construction Type:
  • Block, Stucco
  • Exterior Features:
  • Sidewalk
  • Flooring:
  • Tile
  • Foundation:
  • Slab
  • Interior Features:
  • Thermostat
  • Number Of Units:
  • 40
  • Stories:
  • One
  • Total # Of Buildings:
  • 10
  • Total Building Square Footage:
  • 34926
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1985
  • Annual Expenses:
  • 120600
  • Annual Income:
  • 482400.00
  • Gross Income:
  • 603000
  • Conforms To Zoning:
  • Pud
  • Federal Flood Zone:
  • X
  • Lot Features:
  • City Limits, Level, Sidewalk, Paved
  • Lot Square Footage:
  • 123710
  • Road Type:
  • Paved
  • Total Number Of Lots:
  • 10
  • Days On Market:
  • 418
  • On Market Date:
  • 2021-10-07
  • Originating Mls:
  • Mfrmls
  • Previous Listing Price:
  • 7600000
  • Terms:
  • Cash, Conventional, Other
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $2,974
  • Tax Year:
  • 2021
  • Appliances:
  • Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Electricity Connected, Sewer Connected, Water Connected
  • Unit 1 Square Footage:
  • 725
  • Unit 1 Type:
  • One Bed/One Bath
  • Unit 2 Square Footage:
  • 850
  • Unit 2 Type:
  • Two Bed/One Bath
  • Unit 3 Square Footage:
  • 920
  • Unit 3 Type:
  • Two Bed/Two Bath
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Matt Buttner 352-385-7636 with LIST NOW REALTY
  • © 2022 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.
    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
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