198 Lake Arbor Drive, Palm Springs, FL 33461

• 2 beds |
• 2 baths |
• 1,232 sqft

Property Description

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 Status:

Active

Date Added:

April 10, 2026

Data Last Updated:

July 4, 2026 at 6:23AM

Listing Office:

Gobin & Co., LLC. : 678-463-2079

Listing Agent:

Simo Bouchikh : 561-412-7591

MLS ID:

B26013829

Interior

• General: Dual SinksPantryStorageTub ShowerUpper Level Primary
• Appliances: DryerDishwasherElectric RangeGas Water HeaterIce MakerMicrowaveRangeRefrigeratorVented Exhaust FanWater HeaterWasher
• Laundry: Gas Dryer HookupInsideIn BathroomMain LevelLaundry RoomIn Unit
• Flooring: VinylWood
• A/C: Central AirCeiling Fan(s)Electric
• Heating: Central
• Disability Feature: None

Exterior

• General: BalconyOutdoor Living Area
• Other Structures: BalconyDeckPatioOpen
• Parking: AssignedGuestParking spaces: 2

Construction

• Roofing: MansardOtherShingle
• General: BrickBlockStucco2

Location

• HOA Amenities: PlaygroundParkingSidewalksCommon AreasInsuranceMaintenance GroundsTrash283.0Monthly
• Originating MLS: BEACH_BEACH
• County: Palm Beach

Lot

• Zoning: RM (city)LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT70434417540021980
• Fencing: Back YardFencedGate

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BEACH_BEACH