Under contract-accepting backup offers. Here's your chance to $349,000

Home Sale Pending near Lake Morton

Under contract-accepting backup offers. Here's your chance to own a tenant-occupied bungalow in one of Lakeland's most desirable rental spots -- just a mile from Lake Hollingsworth, minutes from Downtown Lakeland, and right across from Florida Southern College. With a lease already in place through January, this property delivers instant income and flexibility for your next move. Whether you continue it as a steady rental, renovate for added value, or convert it into student housing or a furnished mid-term rental, the options are wide open. Inside, this 3-bedroom, 1.5-bath home blends historic charm with everyday comfort. Original hardwood floors, great natural light, and a cozy wood-burning fireplace create a warm, welcoming living space. The classic front porch--complete with a swing and ceiling fan--adds timeless appeal that tenants love. The kitchen features stainless steel appliances and looks out over the backyard, flowing seamlessly into a dining area and a flexible bonus room that's perfect for a home office, study nook, or reading spot. Each bedroom offers generous space, including one with a charming wraparound sitting area. A bright Florida room at the back--with wall-to-wall windows and laundry access--adds even more versatility for shared living or quiet downtime. The fenced backyard offers privacy, space to relax, and a storage shed ready for your finishing touches. Situated in a walkable, historic neighborhood with consistently strong rental demand, this property combines location, charm, and investment potential all in one.
Whether you're an experienced investor or just starting your real estate portfolio, this bungalow is a smart buy with built-in cash flow and long-term upsidee take a look -- opportunities like this don't last long!