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198 Lake Arbor Drive, Palm Springs, Florida 33461

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Active For Sale
$319,999
  • Beds 2
  • Baths 2
  • Sq Ft 1,232 Sqft
  • Visits: 11 in 48 days

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.

Features

  • Heating System: Central
  • Cooling System: Electric, Central Air, Ceiling Fan(s)
  • Fence: Fenced, Back Yard, Gate
  • Patio: Balcony, Deck, Open, Patio
  • Parking: Assigned, Guest

Appliances

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

Address Map

  • Country: US
  • State: FL
  • County: Palm Beach
  • City: Palm Springs
  • Subdivision: LAKEWOOD OF PALM SPRINGS
  • Zipcode: 33461
  • Street: Lake Arbor
  • Street Number: 198
  • Street Suffix: Drive
  • Floor Number: 0
  • Longitude: W81° 55' 5''
  • Latitude: N26° 38' 11.9''
  • MLS Area: 5660

MLS Addon

  • Accessibility Features: No
  • Association Amenities: Playground, Parking, Sidewalks
  • Association Fee: $283
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Areas, Maintenance Grounds, Trash, Insurance
  • Close Price: $0
  • Elementary School: Meadow Park
  • Exterior Features: Balcony, Outdoor Living Area
  • Flooring: Wood, Vinyl
  • High School: Forest Hill
  • Insurance Expense: $0
  • Interior Features: Dual Sinks, Upper Level Primary, Pantry, Tub Shower, Storage
  • Laundry Features: Inside, Laundry Room, In Unit, Main Level, Gas Dryer Hookup, In Bathroom
  • Levels: Two
  • Lot Features: < 1/4 Acre
  • Middle Or Junior School: Conniston Community
  • New Taxes Expense: $0
  • Stories: 2
  • Stories Total: 1
  • Tax Annual Amount: $2,389
  • Utilities: Electricity Connected, Water Connected, Natural Gas Connected
  • Zoning: RM (city)

Location

Listing Updated: 2026-05-23 13:40:15

  • Property Type : Townhouse
  • Property Sub Type : Townhouse
  • Listing Type : For Sale
  • Listing ID : B26013829
  • Price : $319,999
  • View : Lake
  • Bedrooms : 2
  • Bathrooms : 2
  • Full Bathrooms : 2
  • Half Bathrooms : 0
  • Square Footage : 1,232 Sqft
  • Year Built : 1978
  • Lot Area : 0.03 Acre
  • Listing Status : Active
  • Days On Market : 47
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