198 Lake Arbor Dr

Palm Springs, FL 33461
  • $319,999

    Price
  • 2

    Bed
  • 2

    Bath
  • 1,232

    SqFt

About the Listing 279677982 - 276543545

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.

Listing Highlights

Status Active
Days on Site 70
Property Type Condo/Townhome
MLS ® B26013829
Year Built 1978
Total Square Footage 1,232
Lot/Acreage 0.03
County Palm Beach
Area 5660
HOA Dues 283/Monthly
Elementary School Meadow Park
Middle School Conniston Community
High School Forest Hill

Interior Details

  • Bedrooms: 2
  • Bathrooms: 2 Full
  • Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
  • Air Cond: Central Air,Ceiling Fan(s),Electric
  • Heating: Central
  • Fireplaces:
  • Floor: Vinyl,Wood
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Unfurnished,Dual Sinks,Pantry,Storage,Tub Shower,Upper Level Primary,Pets Allowed,Second Floor Entry
  • Water: Public

Exterior Details

  • Lot Description: < 1/4 Acre
  • Garage Capacity: N/A
  • Parking Spaces: 2
  • Zoning: RM (city)
  • Roof: Mansard,Other,Shingle
  • Others: Balcony,Outdoor Living Area
  • Sewer: Public Sewer
  • Parking Features: Assigned,Guest

Financial Details

  • Tax Amount: $2,389
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 70434417540021980
  • Tax Year: 2025

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198 Lake Arbor Dr Palm Springs, FL 33461

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Originating MLS: BEACH

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