$
1235 MORGAN DR
Lakeland, Polk, FL, 33801
Active$225,000
$196/sqft
4Beds
2Baths
1,146Sq Ft
1958Built
132Days on Market
About this 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
MLS ID#MFRTB8501961
Price$225,000
StatusActive
Bedrooms4
Bathrooms2
Full Baths2
Half Baths0
Square Footage1,146 sqft
Acres0.1700
Year Built1958
TypeResidential
SubtypeSingle Family Residence
StyleN/A
Community Information
Address1235 MORGAN DR
SubdivisionWoodland Estates
CityLakeland
CountyPolk
StateFL
Zip Code33801
Senior CommunityNo
Amenities
AmenitiesN/A
ParkingN/A
ViewNo
WaterfrontNo
PoolNo
Interior
Interior FeaturesNinguno
HeatingElectric
CoolingCentral Air
FlooringTile
FireplaceN/A
Stories1
AppliancesNone
Exterior
Exterior FeaturesOther
ConstructionBlock
FoundationBlock
RoofShingle
FencingN/A
Lot FeaturesN/A
School Information
ElementaryN/A
MiddleN/A
HighN/A
Additional Information
Date ListedMay 2, 2026
Days on Market132
ZoningR-2
Direction FacesEast
New ConstructionNo
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. GRAYSTONE REAL ESTATE is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
132 days on market
Listed by: Bradley Dreher · 863-346-0500—GRAYSTONE REAL ESTATE · 727-201-4011
Updated from Real Estate Market Data
MLS/IDX data last updated: October 25, 2026 6:02 AM . All data is obtained from various sources and may not have been verified by the 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
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