Home›198 Lake Arbor Drive, Palm Springs, FL 33461

Residential in Palm Springs

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 Highlights

Roof

  • Mansard
  • Shingle
  • Other

Sewer

  • Public Sewer

Levels

  • Two

Cooling

  • Ceiling Fan(s)
  • Central Air
  • Electric

Fencing

  • Back Yard
  • Fenced
  • Gate

Heating

  • Central

Flooring

  • Vinyl
  • Wood

Amenities

  • Parking
  • Playground
  • Sidewalks
  • Street Lights

Utilities

  • Electricity Connected
  • Natural Gas Connected
  • Water Connected

Appliances

  • Dishwasher
  • Dryer
  • Electric Range
  • Ice Maker
  • Microwave
  • Refrigerator
  • Vented Exhaust Fan
  • Washer
  • Water Heater
  • Range
  • Gas Water Heater

Membership

  • No Membership Available

Possession

  • Close Of Escrow

Room Types

  • Kitchen
  • Living Room
  • Master Bedroom

WaterSource

  • Public

Pets Allowed

  • Breed Restrictions
  • Number Limit

Restrictions

  • Parking - No Boat
  • Parking - No Commercial Vehicles
  • Parking - No Motorcycle
  • Parking - No RV
  • Parking - No Truck

Water Access

  • None

Water Source

  • Public

Listing Terms

  • 1031 Exchange
  • Cash
  • Conventional
  • FHA

Patio Details

  • Patio - Open

Structure Type

  • Townhouse

Balcony Details

  • Balcony - Open

ParkingFeatures

  • Assigned
  • Guest

Pets Allowed YN

  • Yes

Tax Information

  • No Homestead

Association Type

  • Homeowner Association

ExteriorFeatures

  • Balcony

InteriorFeatures

  • Pantry
  • Storage

Laundry Features

  • Gas Dryer Hookup
  • In Bathroom
  • In Unit
  • Inside
  • Laundry Room
  • Main Level

Main Living Area

  • Entry Level

Parking Features

  • Assigned
  • Guest

SecurityFeatures

  • Smoke Detector(s)

Interior Features

  • Pantry
  • Storage

Security Features

  • Smoke Detector(s)

Master BedroomBath

  • Combo TubShower
  • Dual Sinks
  • Master Bdrm - Upstairs

Property Condition

  • Resale

WaterfrontFeatures

  • None

Acreage Description

  • Less Than 14 Acre Lot
  • Less Than 1 Acre Lot

AssociationAmenities

  • Parking
  • Playground
  • Sidewalks
  • Street Lights

Showing Requirements

  • 24 Hour Notice
  • Occupied
  • Schedule Online

Water Heater Details

  • Gas Water Heater

Outdoor Living Spaces

  • Balcony
  • Deck
  • Patio

PatioAndPorchFeatures

  • Patio - Open
  • Patio
  • Deck

Construction Materials

  • Brick
  • CBS
  • Stucco

Association Fee Includes

  • Common Areas
  • Insurance
  • Maintenance Grounds
  • Trash

SpecialListingConditions

  • Standard

Special Listing Conditions

  • Standard

Property Details

Property TypeResidential
StyleTownhouse
Year Built1978
CountyPalm Beach
SubdivisionLAKEWOOD OF PALM SPRINGS
Living Area1,232 sq ft
Bedrooms2
Baths2
Half Baths0
HOA Fee$283 / Monthly
HOA IncludesCommon Areas, Insurance, Maintenance Grounds, Trash
Annual Tax$2,389.48 (2025)
Special AssessmentNo
Pets AllowedBreed Restrictions, Number Limit, Yes
Max Number of Pets2
Breed RestrictionsYes
Other Restrictions40lbs max
Listing OfficeGobin & Co., LLC.
Listing AgentMohamed Bouchikh
Office Phone678-463-2079

198 Lake Arbor Drive, Palm Springs, FL 33461, Palm Springs, FL 33461