About 1235 Morgan Drive
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.
Features of 1235 Morgan Drive
| MLS® # | TB8501961 |
|---|---|
| Price | $199,990 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,146 |
| Acres | 0.17 |
| Year Built | 1958 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Listing Details
| Office | GRAYSTONE REAL ESTATE |
|---|
Listing Map
Neighborhood Information for 1235 Morgan Drive
Growing Population, Moderate Residential Turnover, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Doris A. Sanders Learning Center Public - Kindergarten to 12Th Grade |
0 Miles | |
|
Combee Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
|
|
Whitestone Academy Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
|
Santa Fe Catholic High School Catholic - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Crystal Lake Elementary School Public - Preschool to 5Th Grade |
2 Miles | |
|
|
Polk Virtual Franchise Public - Kindergarten to 12Th Grade |
2 Miles | |
|
|
Crystal Lake Middle School Public - 6Th Grade to 8Th Grade |
2 Miles |
School data provided by GreatSchools