$319,99955 days on marketActive

198 Lake Arbor Drive, Palm Springs, FL 33461

Palm Springs, FL 33461

Beds

Baths

1,232

Sq Ft

$260

$/Sq Ft

1978

Year Built

0.03 acres

Lot Size

Listing Snapshot

List Price	$319,999
Price / Sq Ft	$260
Beds	2
Baths	2
Living Area	1,232 sqft
Lot Size	0.03 acres

Year Built	1978
Property Tax	$2,389.48/yr
HOA / Condo Fee	$283 / monthly
MLS #	1157208483
Status	Active
Days on Market	55

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.

General Features

Property Type: Residential
Sub-type: Townhouse
Stories: 1
Direction Faces: South
Parking Spaces: 2
Parking: Assigned,Guest
Zoning: RM (city)
Security: SmokeDetectors
Utilities: ElectricityConnected,NaturalGasConnected,WaterConnected
Subdivision: LAKEWOOD OF PALM SPRINGS

Interior Features

Appliances: Dryer,Dishwasher,ElectricRange,GasWaterHeater,IceMaker,Microwave,Range,Refrigerator,VentedExhaustFan,WaterHeater,Washer
Flooring: Vinyl,Wood
Heating: Central
Cooling: CentralAir,CeilingFans,Electric
Interior Features: DualSinks,Pantry,Storage,TubShower,UpperLevelPrimary
Laundry: GasDryerHookup,Inside,InBathroom,MainLevel,LaundryRoom,InUnit
Furnished: Unfurnished