198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
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$ 319,999
Est. payment | /mo

2 Beds

2 Baths

1,232 SqFt


$ 319,999
Est. payment | /mo

2 Beds

2 Baths

1,232 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,232 sqft

Price per Sqft $259

Subdivision Lakewood Of Palm Springs

MLS Listing ID B26013829

Bedrooms 2

Full Baths 2

Construction Status Resale

HOA Fees $283/mo

HOA Y/N Yes

Total Fin. Sqft 1232

Year Built 1978

Annual Tax Amount $2,389

Tax Year 2025

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type Townhouse

Property Description

Turnkey investment opportunity with immediate rental income! This updated 2-bed, 2-bath townhome is tenant-occupied, offering instant cash flow from day one. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms—minimizing future maintenance costs for investors. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances, adding strong tenant appeal. Additional highlights include low HOA fees, accordion hurricane shutters for storm protection, a fenced front patio & two assigned parking spaces. Ideal for investors seeking a stabilized, income-producing property with strong rental appeal and minimal deferred maintenance.

Location

State FL

County Palm Beach

Community Home Owners Association, Street Lights

Area 5660

Zoning RM (city)

Direction South

Interior

Interior Features Dual Sinks, Pantry, Storage, Tub Shower, Upper Level Primary

Heating Central

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Vinyl, Wood

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer

Laundry Gas Dryer Hookup, Inside, In Bathroom, Main Level, Laundry Room, In Unit

Exterior

Exterior Feature Balcony, Outdoor Living Area

Parking Features Assigned, Guest

Fence Back Yard, Fenced, Gate

Community Features Home Owners Association, Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Amenities Available Playground, Parking, Sidewalks

Waterfront Description None

Water Access Desc Public

Roof Type Mansard,Other,Shingle

Accessibility None

Porch Deck, Open, Patio, Balcony

Total Parking Spaces 2

Garage No

Private Pool No

Building

Lot Description < 1/4 Acre

Dwelling Type Townhouse

Faces South

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Block,Stucco

New Construction No

Construction Status Resale

Schools

Elementary Schools Meadow Park

Middle Schools Conniston Community

High Schools Forest Hill

Others

Pets Allowed Yes

HOA Fee Include Common Areas,Insurance,Maintenance Grounds,Trash

Senior Community No

Restrictions No Boats,No Commercial Vehicles,No Motorcycles,No RV,No Truck

Tax ID 70434417540021980

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA

Membership Fee Required false

Listing Terms Cash, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

Pets Allowed Breed Restrictions, Number Limit, Yes

Virtual Tour https://www.propertypanorama.com/198-Lake-Arbor-Drive-Palm-Springs-FL-33461--B26013829/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Simo Bouchikh Gobin & Co., LLC.

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198 Lake Arbor DR