Beds
4
Baths
2
Sq Ft
1,146 sq ft
Year Built
1958
Lot Size
0.17 acres
Garage
—
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.
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Directions
From I-4, take Exit 32 toward US-98. Head south on US-98, turn left onto E Memorial Blvd, then left onto N Combee Rd. Turn right onto Morgan Dr — property will be on your right.
Location
1235 MORGAN DRIVE, LAKELAND, FL 33801
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$225,000
Loan Term
How to Buy This Home
Multiple financing options available for this $225,000 home in LAKELAND.
🏛️
FHA Loan
$7,875 Down
Government-backed, low down payment. Credit scores as low as 580.
🏦
Conventional
$11,250 Down
Traditional financing. As low as 3-5% down with good credit.
Florida Down Payment Assistance Programs
You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.
Florida Hometown Heroes
Up to $35,000
First-time buyers working in FL
FL Assist
Up to $10,000
FHA, VA, or USDA borrowers
FL HLP Second Mortgage
Up to $10,000
First-time buyers, 0% deferred
Polk County SHIP
Varies
Income-qualifying Polk residents
Can You Afford This Home?
Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: September 25, 2026.