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.
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.
Property Details
Price:
$199,990
MLS #:
TB8501961
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
WOODLAND ESTATES
Neighborhood:
33801lakeland
Listed Date:
May 2, 2026
Finished Sq Ft:
1,146
Total Sq Ft:
1,292
Lot Size:
7,379 sqft / 0.17 acres (approx)
Year Built:
1958
See this Listing
Schools
Interior
Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Electric
Interior Features
Ninguno
Laundry Features
Electric Dryer Hookup, Washer Hookup
Levels
One
Exterior
Construction Materials
Block
Direction Faces
East
Exterior Features
Other
Roof
Shingle
Financial
Tax Year
2025
Taxes
$2,815
Map
Community
- Address1235 MORGAN DRIVE LAKELAND FL
- SubdivisionWOODLAND ESTATES
- CityLAKELAND
- CountyPolk
- Zip Code33801
Subdivisions in LAKELAND
Market Summary
Current real estate data for Single Family in LAKELAND as of Aug 29, 2026
1,202
Single Family Listed
98
Avg DOM
208
Avg $ / SqFt
$417,857
Avg List Price
Property Summary
- Located in the WOODLAND ESTATES subdivision, 1235 MORGAN DRIVE LAKELAND FL is a Single Family for sale in LAKELAND, FL, 33801. It is listed for $199,990 and features 4 beds, 2 baths, and has approximately 1,146 square feet of living space, and was originally constructed in 1958. The current price per square foot is $175. The average price per square foot for Single Family listings in LAKELAND is $208. The average listing price for Single Family in LAKELAND is $417,857. To schedule a showing of MLS#tb8501961 at 1235 MORGAN DRIVE in LAKELAND, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of GRAYSTONE REAL ESTATE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1235 MORGAN DRIVE
LAKELAND, FL