198 Lake Arbor Drive, Palm Springs, FL 33461
- Beds
- 2
- Baths
- 2
- Living Area
- 1,232 SF
- Year Built
- 1978
- $/SF
- $260
- Type
- Townhouse
- DOM
- 55
2 bed · 2 bath · 1,232 sqft · Built 1978
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.
- Property type
- Townhouse
- Condition
- Resale
- Year built
- 1978
- Stories
- 1
- Roof
- Mansard,Other,Shingle
- Subdivision
- LAKEWOOD OF PALM SPRINGS
- Waterfront
- No
- Waterfront features
- None
- Private pool
- No
- HOA (monthly)
- $283
- Parcel number
- 70434417540021980
- Annual tax
- $2,389
- County just value
- $240,514
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Listing data sourced from BeachesMLS / Trestle. All information herein is deemed reliable but is not guaranteed and should be independently verified. Information last updated 6/4/2026. Represented by Eleven Realty Partners, LLC d/b/a XI Realty · Equal Housing Opportunity.