Deanna McAtee

1235 Morgan Drive

LAKELAND, FL
$ 199,990 Beds 4 Baths 2 Sq 1,146
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 199,990
  • City
  • LAKELAND
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • Polk
  • Half Bathrooms
  • 0
  • Area
  • Lakeland
  • Lot Size
  • 0.17 Acres
  • Zip
  • 33801
  • Sqr Footage
  • 1,146
  • Year Built
  • 1958
  • Taxes
  • $ 2814
  • Style
  • Single Family Residence
  • MLS#
  • TB8501961
Listed By: GRAYSTONE REAL ESTATE with 727-201-4011. - 727-201-4011
Data Source: Stellar MLS

Features

General

Sewer Other
Heating Electric
Cooling Central Air
Utilities Public
Roof Shingle
Appliances None
Zoning R-2
Construction Materials Block
Year Built 1958
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name WOODLAND ESTATES
Facing Direction East
Garage Y/N false
Total Rooms 3
Full Baths 2
Status Active
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.
City LAKELAND
Senior Community Y/N false
MLS Area 33801 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 7379
Carport Y/N false
Listing Terms Cash,Conventional,FHA
Land Lease Y/N false
Tax Annual Amount 2814.58
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 7
Legal Description WOODLAND ESTATES PB 39 PG 29 BLK D LOT 7
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
Flood Zone Code X Yes

Interior Features

Interior Amenities Ninguno
Flooring Tile
Furnished Y/N Negotiable
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Electric Dryer Hookup,Washer Hookup
Total Bedrooms 4
LivingAreaSource Public Records
Total Baths 2

Exterior Features

Exterior Amenities Other
Water Source None
Lot Size Area 7379
Foundation Details Block
Building Area Total 1292
Lot Dimensions 68 x 108
Lot Size Acres 0.17
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Cape Coral, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/2/2026 Listed $229,900
5/17/2026 4% - $219,900
8/17/2026 5% - $210,000
8/29/2026 5% - $199,990

Property vs Zip Code Average in 33801

Price
AVG $310K
$200K
Taxes
AVG $3,537
$2,814
Year Built
AVG 1972
1958

In The Neighborhood

Areas That We Cover

1235 Morgan Drive LAKELAND, FL is a Single Family Home for sale at $199990 with 1146 sqft and a lot size of 0.17 Acres Acre(s). 1235 Morgan Drive LAKELAND has 4 bedrooms, 2 baths and was built in 1958. The property's zip code is 33801 which is in LAKELAND, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Deanna McAtee

Deanna McAtee

406-871-4950

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