Address
1602 CRYSTAL GROVE CIRCLE Lakeland, FL
Price
$ 7,600,000
Property Attributes
  • MLS#G5047511
  • TypeIncome
  • CountyPOLK
  • CityLakeland
  • AreaLakeland
  • NeighborhoodCRYSTAL GROVE
  • Zip33801
  • StyleQuadruplex
  • Year Built1985
  • Taxes$ 23657
  • Price$ 7,600,000
  • Bedrooms62
  • Full Bathrooms44
  • Half Bathrooms0
  • Sqr Footage32558
  • Lot Size2.84 Acres
Listing Provided Courtesy Of:
LIST NOW REALTY, LLC
Data Source:
Stellar MLS
Property Description

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 History
10/7/2021 Listed $7,600,000

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
Carport Y/N No
City LAKELAND
Construction Materials Block, Stucco
Cooling Central Air
County Polk
Days on Market 1
Directions HWY 98/BARTOW RD TO EAST ON S CRYSTAL LAKE DR. RIGHT ON CRYSTAL GROVE DR.
Exterior Features Sidewalk
Flooring Tile
Garage Y/N No
Grossincome 452400
Heating Central
Interior Features Thermostat
Levels One
Lot Size Square Feet 123710
MLS Area 33801 - Lakeland
New Construction No
Occupant Type Tenant
Ownership Fee Simple
Private Pool No
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Completed
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 23657.67
Tax Lot Q-11
Tax Year 2020
Terms Cash, Conventional, Other
Total Actual Rent 37700
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
Year Built 1985
Zoning PUD

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Living Area 32558
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix CIRCLE

Exterior Features

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
Waterfront Y/N 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 $1.87M
$7.6M
Taxes
AVG $7,805
$23,657
Visits
AVG 133
247
Year Built
AVG 1976
1985
Walkscore
AVG 28
51
Data Provided by Walkscore ® not using MLS data

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