120 MORNINGSIDE DRIVE
About This Property
Welcome to 120 Morningside Drive in Lakeland, Florida, a beautifully maintained 4-bedroom, 3.5-bathroom brick home that blends timeless architecture with modern comfort, located just one block from Lake Hollingsworth and near Lakeland Country Club.
From the moment you arrive, the classic brick exterior, mature oak trees, and inviting front walkway set the tone. This is the kind of home that feels established, warm, and impossible to replicate.
Inside, the layout flows effortlessly between spaces designed for both everyday living and entertaining. The spacious dining room with rich wood-paneled walls delivers a bold, designer look, while the light-filled living room features a gas fireplace, built-in shelving, and a bay window that creates a cozy, elevated atmosphere.
The kitchen provides stainless steel appliances, generous cabinet space, and a functional layout that keeps everything within reach, connecting seamlessly to the rest of the home. The primary suite is a true retreat, featuring hardwood flooring, custom closet storage, and an en-suite bathroom with classic tilework, a tub and shower combination, and additional storage. Updated bathrooms throughout the home, including a walk-in tiled shower, bring a fresh, move-in-ready feel.
One of the standout features is the expansive family room with vaulted ceilings, built-in cabinetry, and French doors, creating a flexible space perfect for a second living area, home office, or entertainment zone. The home also includes a private multigenerational suite or granny flat, ideal for extended family, guests, or potential rental use.
Step outside and you'll find a private backyard patio with fire pit, ideal for relaxing evenings or hosting friends. The detached garage and extended driveway provide plenty of space for parking, storage, or hobbies.
Located in one of Lakeland's most sought-after areas, you are just minutes from the Lake Hollingsworth walking trail, close to Lakeland Country Club, and near top-rated schools, local shops, and dining, all surrounded by established neighborhoods with character and charm.
If you've been searching for a home that feels different from everything else on the market, this is it.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017