1235 Morgan DriveLakeland, FL, 33801
- Price per sqft
- $196
- Days on market
- 174
- Listed
- May 2
- Last increase
- +$26,000
- Sep 25, 2026
About this property
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.
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 1235 Morgan Drive
- City
- Lakeland
- State
- FL
- ZIP code
- 33801
- Year built
- 1958
- New construction
- No
- Faces
- East
- Rooms
- 3
- Building stories
- 1
- Living area
- 1,146 sqft
- Total building area
- 1,292 sqft
- Levels
- One
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. 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; the 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.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDTPrice & sale history
Asking price reduced by $4,900 (2.1%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #TB8501961 | $225,000Change: −2.1%−$4,900 | −2.1%−$4,900 | |
| Listed for saleMLS #TB8501961 | $229,900 | Not applicable |
Location
