$225,000
 $1,208 est/mo Sourced by Back At You

1235 Morgan Dr,LAKELAND, FL 33801

LAKELAND, FL 33801

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Description

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 $225,000 / 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.

Details

MLS #TB8501961
Listing TypeFor Sale
StyleHouse
Sub-TypeFor-sale
StatusActive
Year1958
Days On Site155
Listing Provided ByGRAYSTONE REAL ESTATE | Bradley Dreher

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,146
Story(s)1
ZoningR-2
Acreage0.17

Taxes

Property2814

Area Information

StateFL
CountyPolk
CityLAKELAND
Zip Code33801
Area33801 Lakeland
Community NameWOODLAND ESTATES
Listing VS Median (in WOODLAND ESTATES)
Price:
$225,000
low | high
Med:
$415,000
34.444444444444% of Average
sqft:
1,146
low | high
Med:
2,424
61.51832460733% of Average
$ / sqft:
$196
low | high
Med:
$171
62.799779977998% of Average
On site:
155
low | high
Med:
126
100% of Average
Sourced by Back At You

Market Activity 33801

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 4, 2026 at 2:16:49 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPolk
CityLAKELAND
Zip Code33801
Area33801 Lakeland
Community NameWOODLAND ESTATES
Listing VS Median (in WOODLAND ESTATES)
Price:
$225,000
low | high
Med:
$415,000
34.444444444444% of Average
sqft:
1,146
low | high
Med:
2,424
61.51832460733% of Average
$ / sqft:
$196
low | high
Med:
$171
62.799779977998% of Average
On site:
155
low | high
Med:
126
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $168K - $281K
sqft: 860 - 1,000
Nearby Listings Property ImageNearby Listings Details
1026 CANAL DR W Property Photo 1
$249,900
1026 Canal Dr W
Lakeland, FL 33801
Listing Updated: September 29, 2026 at 7:49:46 AM PDT
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