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1235 Morgan Drive, Lakeland, FL 33801

Lakeland
Local realty services provided by:CENTURY 21 Results
1235 Morgan Drive,Lakeland, FL 33801
$199,000
  • 4 Beds
  • 2 Baths
  • 1,146 sq. ft.
  • Single family
  • Active
Listed by: bradley dreher
Office: graystone real estate
MLS#:TB8501961
Source:MFRMLS

Price summary

  • Price:$199,000
  • Price per sq. ft.:$154.02

About this home

Producing 3 bed / 2 bath home in central Lakeland's Combee Settlement area, currently leased through 07/31/2027 at $1,875/month (plus tenant pays for a $60 benefits package). Built 1958, 1,146 sqft. The 3/2 configuration is the gold standard in single-family rental, commanding top-of-market rent and longer average tenancy. List $210,000 / estimated ARV $275,000, providing strong equity-capture margin. Lease expiration aligns with peak Florida leasing season for an ideal renewal or rent-reset window. Lakeland sits dead center in the I-4 growth corridor between Tampa and Orlando, one of Florida's strongest appreciation paths. Photo disclosure: Listing photos were taken prior to current tenant occupancy and may not reflect the property's present condition. Showings by appointment with required notice to tenant. Buyer and buyer's agent to verify all material facts. Sellers have never occupied this property.

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Home facts

  • Year built:1958
  • Subdivision & Development:WOODLAND ESTATES
  • Listing ID #:TB8501961
  • Added:136 day(s) ago
  • Updated:September 16, 2026 at 02:35 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Tile
  • Basement Description:Block
  • Living area:1,146 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1958
  • Building area:1,146 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Block
  • Foundation Description:Block
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$154.02
  • Tax amount:$2,815 (2025)

Features and amenities

  • Laundry features:Electric Dryer Hookup, Washer Hookup
  • Pool features:Public Pool
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