Address
1602 CRYSTAL GROVE CIRCLE, Lakeland, FL
Price
$ 6,900,000
Property Attributes
  • MLS#G5047511
  • TypeIncome
  • CountyPOLK
  • CityLakeland
  • AreaLakeland
  • NeighborhoodCRYSTAL GROVE
  • Zip33801
  • StyleQuadruplex
  • Year Built1985
  • Taxes$ 2974
  • Price$ 6,900,000
  • Bedrooms40
  • Full Bathrooms40
  • Half Bathrooms0
  • Sqr Footage32558
  • Lot Size2.84 Acres
Data Source:
Stellar MLS
Property Description

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 History
10/7/2021 Listed $7,600,000
4/28/2022 10% - $6,900,000

General Features

Additional Parcels Description 24-28-28-247010-017100, 24-28-28-247010-017112, 24-28-28-247010-017131, 24-28-28-247010-017132, 24-28-28-247010-017090, 24-28-28-247010-017190, 24-28-28-247010-017200, 24-28-28-247010-017040
Additional Parcels Y/N Yes
Appliances Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Association Y/N No
Building Area Units Square Feet
Buyer Agent Compensation 3%
Carport Y/N No
City LAKELAND
Construction Materials Block, Stucco
Cooling Central Air
County Polk
Days on Market 362
Directions HWY 98/BARTOW RD TO EAST ON S CRYSTAL LAKE DR. RIGHT ON CRYSTAL GROVE DR.
Exterior Features Sidewalk
Finance Cash, Conventional, Other
Garage Y/N No
Grossincome 603000
Heating Central
Interior Features Thermostat
Levels One
Lot Size Square Feet 123710
MLS Area 33801 - Lakeland
New Construction No
Occupant Type Tenant
Percent Ownership Fee Simple
Private Pool No
Property Condition Completed
Property SubType Quadruplex
Property Type Residential Income
Roof Shingle
Senior Community Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name CRYSTAL GROVE
Subdivision Name CRYSTAL GROVE
Tax Annual Amount 2974.28
Tax Lot Q-11
Tax Year 2021
Total Number of Buildings 10
Total Units 40
Township 28
Unit Count 3
Utilities Electricity Connected, Sewer Connected, Water Connected
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5047511
Water Access YN No
Waterfront Y/N No
Year Built 1985
Zoning PUD

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Flooring Tile
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix CIRCLE

Exterior Features

Living Area 32558
Building Area Total 34926
Foundation Details Slab
Lot Features City Limits, Level, Sidewalk, Paved
Lot Size Acres 2.84
Number of Lots 10
Road Surface Type Paved
Spa No
Water Extras YN No
Water Source Public
Water View YN No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33801

Price
AVG $1.4M
$6.9M
Taxes
AVG $3,227
$2,974
Visits
AVG 365
2095
Year Built
AVG 1972
1985
Walkscore
AVG 32
51
Data Provided by Walkscore ® not using MLS data

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