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1602 Crystal Grove Circle

Lakeland, FL 33801
  • $6,900,000
  • STATUS: Active
  • ON SITE: 227 Days
  • MLS #: G5047511
UPDATED: 66 min ago
$6,900,000
  • 0
    BEDS
  • 2.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,558
    SQFT
  • $212
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Ratings & Info

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.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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. Data last updated 2022-05-23T08:41:00.14.
www.teambohannon.com/homes/122164402
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1602 Crystal Grove Circle Lakeland, FL 33801

  • Price: $6,900,000
  • Status: Active
  • On Site: 227 Days
  • Updated: 66 min ago
  • MLS #: G5047511
0
Beds
0
Baths
0
½ Baths
2.84
Acres
32,558
SQFT
$212
$/SQFT
1985
Built
Neighborhood:
Crystal Grove
County:
Polk
Area:
Lakeland
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.
Exterior Features

Carport Yn No Construction Materials BlockStucco Covered Spaces 0 Exterior Features Sidewalk Foundation Details Slab Lot Features City LotLevelSidewalk Open Parking YN No Pool Private Yn No Road Surface Type Paved Roof Shingle Spa YN No Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DishwasherElectric Water HeaterMicrowaveRangeRefrigerator Building Area Total 34926 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Tile Heating Central Heating YN Yes Interior Features Thermostat Levels One Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 120600 Annual Net Income 482400 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No Homestead Yn No Listing Terms CashConventionalOther New Construction Yn No Ownership Fee Simple Property Condition Completed Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 2974.28 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedSewer ConnectedWater Connected Zoning Pud


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of List Now Realty, Llc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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. Data last updated 2022-05-23T08:41:00.14.
 
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