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!**
**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!**
Property Details
Price:
$650,000
MLS #:
O6434625
Status:
Active
Beds:
8
Baths:
8
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
CRYSTAL GROVE
Neighborhood:
33801lakeland
Listed Date:
Aug 18, 2026
Finished Sq Ft:
4,056
Lot Size:
11,827 sqft / 0.27 acres (approx)
Year Built:
1986
See this Listing
Schools
Interior
Cooling
Central Air
Heating
Central
Interior Features
Other
Laundry Features
Laundry Room
Levels
One
Exterior
Construction Materials
Concrete
Exterior Features
Garden
Roof
Shingle
Financial
Tax Year
2025
Taxes
$5,943
Map
Community
- Address1962 CRYSTAL GROVE DRIVE LAKELAND FL
- SubdivisionCRYSTAL GROVE
- CityLAKELAND
- CountyPolk
- Zip Code33801
Subdivisions in LAKELAND
Market Summary
Current real estate data for Multi Family in LAKELAND as of Oct 18, 2026
35
Multi Family Listed
97
Avg DOM
184
Avg $ / SqFt
$437,854
Avg List Price
Property Summary
- Located in the CRYSTAL GROVE subdivision, 1962 CRYSTAL GROVE DRIVE LAKELAND FL is a Multi Family for sale in LAKELAND, FL, 33801. It is listed for $650,000 To schedule a showing of MLS#o6434625 at 1962 CRYSTAL GROVE DRIVE in LAKELAND, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
Similar Listings Nearby
Courtesy of TRUDEALS REALTY CORP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1962 CRYSTAL GROVE DRIVE
LAKELAND, FL
