Townhouse

198 Lake Arbor Drive

Palm Springs, FL 33461

$319,999

Beds: 2
Baths: 2
Sq ft: 1,232
Year built: 1978
Price per sq ft: $260

Listing courtesy of Mohamed Bouchikh, Gobin & Co., LLC.

About this home

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.

Details

Property

Type: Townhouse
Style: Two Story
Year built: 1978
Stories: 1
Lot size: 1,124 sq ft
Subdivision: LAKEWOOD OF PALM SPRINGS
County: Palm Beach County
Faces: South

Interior

Appliances: Gas Water Heater, Natural Gas Water Heater, Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Flooring: Vinyl, Wood
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central
Features: Pantry, Storage
Furnished: Unfurnished

Exterior and parking

Exterior: Open Balcony
Patio and porch: Open Balcony, Patio
Parking: 2 Or More Spaces, Assigned, Guest, No Boats, No Rv/Boats
Construction: Brick, CBS Construction, Stucco
Roof: Other Roof/Roof Structure, Comp Shingle Roof, Shingle

Community and fees

Association fee: $283 monthly
Maintenance includes: Maintenance Incl Common Area, Insurance, Parking, Trash Removal
Security: Smoke Alarm, Smoke Detector(s), Smoke Detector
Pets: Yes
Annual taxes: $2,389
Terms: All Cash, Conventional, Exchange, FHA, FHA 203K

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 29, 2026.