The Story

1235 Morgan Drive

Lakeland, FL 33801 · 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 $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.


Facts & Features

Property Info

Price
$225,000
Completion Year
1,958
Living Space
1,146 sq ft
Floors
1
Bedrooms
4
Bathrooms
2

Features & Amenities

Cooling

Central Air

Heating

Electric

Flooring

Tile

Roof

Shingle

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Listing Broker

GRAYSTONE REAL ESTATE

Broker Name

GRAYSTONE REAL ESTATE

Agent

Bradley Dreher