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$7,600,000
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 (18) 2/1's, (18) 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 4.8% cap rate.
  • Price:
  • $7,600,000
  • Square Footage:
  • 32,558
  • Acreage:
  • 2.84
  • Year Built:
  • 1985
  • Listing ID #:
  • G5047511
  • Street Address:
  • 1602 Crystal Grove Cir
  • City:
  • Lakeland
  • State:
  • Florida
  • Postal Code:
  • 33801
  • County:
  • Polk
  • Community:
  • 33801 - Lakeland
  • Subdivision:
  • Crystal Grove
  • Listing Status:
  • Active
  • Listing Type:
  • Quadruplex
  • Building Condition:
  • Completed
  • Construction Description:
  • Block, Stucco
  • Exterior Features:
  • Sidewalk
  • Flooring:
  • Tile
  • Foundation:
  • Slab
  • Interior Features:
  • Thermostat
  • Number Of Units:
  • 40
  • Square Footage Source:
  • Public Records
  • Stories:
  • One
  • Total Building Square Footage:
  • 32558
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1985
  • Annual Expenses:
  • 90480
  • Annual Income:
  • 361920.00
  • Gross Income:
  • 452400
  • Conforms To Zoning:
  • Pud
  • Lot Description:
  • In City Limits, Level/Flat, Sidewalk, Street Paved
  • Lot Square Footage:
  • 123710
  • Road Type:
  • Paved
  • Total Number Of Lots:
  • 10
  • On Market Date:
  • 2021-10-07
  • Originating Mls:
  • Stellar Mls
  • Terms:
  • Cash, Conventional, Other
  • Property Taxes:
  • $23,657
  • Tax Year:
  • 2020
  • Appliances:
  • Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
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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 LIST NOW REALTY
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