Townhouse
198 Lake Arbor Drive
198 Lake Arbor Drive, Palm Springs FL 33461 Get directions
$319,999
2 Beds · 2 Baths · 1,232 SqFt
See estimated monthly costThis listing is courtesy of Gobin & Co., LLC.. Mohamed Bouchikh
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 1,232
- Full bathrooms
- 2
- Furnished
- Unfurnished
- Pantry
- Storage
Building & exterior
- Year built
- 1978
- Lot size (sq ft)
- 1,124
- Open Balcony
- 2 Or More Spaces
- Assigned
- Guest
- No Boats
- No Rv/Boats
HOA (homeowners association)
- Association fee
- $283 per month
- No Trucks/Rv'S
- Yes
Taxes
- Annual tax
- $2,389
- Tax year
- 2025
- Parcel number
- 70434417540021980
Assigned schools
- Elementary
- Meadow Park
- Middle
- Conniston
- High
- Forest Hill Community
Listing
- MLS number
- B26013829
- Property type
- Townhouse
- Price per SqFt
- $260
- Subdivision
- LAKEWOOD OF PALM SPRINGS
- On market since
- Apr 10, 2026
- Days on market
- 163
Estimated monthly cost
$2,340 per month
- Principal & interest (30 yr)
- $1,618
- Property tax
- $199
- Insurance (estimated)
- $240
- Association fee
- $283
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
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RE/MAX FIRST
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