Palm Springs, FL 33461 198 Lake Arbor Drive
$319,999
38 more
Presented By: Gobin & Co., LLC.
Beds • 2
Baths • 2
SQFT • 1,232
Home Details
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.
Presented By: Gobin & Co., LLC.
Interior Features for 198 Lake Arbor Drive
Bedrooms
Main Level Bedrooms0
Total Bedrooms2
Bathrooms
Half Baths0
Main Level Bathrooms1
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl, Wood
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesDual Sinks, Pantry, Storage, Tub Shower, Upper Level Primary
Laundry FeaturesGas Dryer Hookup, Inside, In Bathroom, Main Level, Laundry Room, In Unit
Total Stories1
Other Rooms
Entry Level2
General for 198 Lake Arbor Drive
AccessibilityNone
AppliancesDryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
Assoc Fee Paid PerMonthly
Association AmenitiesPlayground, Parking, Sidewalks
Association Fee IncludesCommon Areas, Insurance, Maintenance Grounds, Trash
Carport Y/NNo
CityPalm Springs
Community FeaturesHome Owners Association, Street Lights
Construction MaterialsBrick, Block, Stucco
CoolingCentral Air, Ceiling Fan(s), Electric
CountyPalm Beach
Elementary SchoolMeadow Park
Facing DirectionSouth
Full Baths2
Garage Y/NNo
HOA Fee$283
HeatingCentral
High SchoolForest Hill
Legal DescriptionLAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
LevelsTwo
MLS Area5660
Middle/Junior High SchoolConniston Community
New ConstructionNo
Occupancy TypeTenant
Patio/Porch FeaturesDeck, Open, Patio, Balcony
Pets AllowedBreed Restrictions, Number Limit, Yes
PossessionClose Of Escrow
PostalCityPalm Springs
Property ConditionResale
Property Sub Type AdditionalTownhouse
Property SubtypeTownhouse
Property TypeResidential
RoofMansard, Other, Shingle
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameLAKEWOOD OF PALM SPRINGS
Tax Annual Amount2389.48
Tax Year2025
UtilitiesElectricity Connected, Natural Gas Connected, Water Connected
Virtual TourClick here
Waterfront FeaturesNone
Year Built1978
Exterior for 198 Lake Arbor Drive
Building Area Total1274
Covered Spaces
Exterior AmenitiesBalcony, Outdoor Living Area
FencingBack Yard, Fenced, Gate
Lot Features< 1/4 Acre
Lot Size Acres0.03
Lot Size Area1124
Parking FeaturesAssigned, Guest
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Conniston Community Middle School
High School
Forest Hill High School
Jaime Ovadia
Realtor
