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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: 5 in 102 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

  • Swimming Pool: No
  • Heating System: Central
  • Cooling System: Electric, Central Air, Ceiling Fan(s)
  • Patio: Balcony, Open, Patio
  • Parking: Assigned, Two or More Spaces, Guest

Appliances

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

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' 2.3''
  • Latitude: N26° 38' 13.9''
  • MLS Area: 5660

MLS Addon

  • Architectural Style: Two Story
  • Association Fee: $283
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Trash, Insurance, Parking
  • Close Price: $0
  • Elementary School: Meadow Park
  • Exterior Features: Balcony, Patio, Fence, Storm/Security Shutters
  • Flooring: Wood, Vinyl, Hardwood
  • High School: Forest Hill Community
  • Insurance Expense: $0
  • Interior Features: Dual Sinks, Upper Level Primary, Main Living Area Entry Level, Pantry, Tub Shower
  • Levels: Two, One
  • Lot Features: < 1/4 Acre, <1 Acre
  • Middle Or Junior School: Conniston
  • New Taxes Expense: $0
  • Stories: 1
  • Stories Total: 1
  • Tax Annual Amount: $2,389
  • Utilities: Electricity Available, Water Available, Natural Gas Available

Location

Listing Updated: 2026-06-26 21:55:39

  • 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 : 101
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