198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
198 Lake Arbor DR, Palm Springs, FL 33461
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Monica Brisson

Monica Brisson

+1(561) 235-2978
$319,999
Est. payment /mo
2 Beds
2 Baths
1,232 SqFt
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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,232 sqft

Price per Sqft $259

Subdivision Lakewood Of Palm Springs

MLS Listing ID B26013829

Style Two Story

Bedrooms 2

Full Baths 2

HOA Fees $283/mo

HOA Y/N Yes

Year Built 1978

Annual Tax Amount $2,389

Tax Year 2025

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type Townhouse

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.

Location

State FL

County Palm Beach

Community Lakewood Of Palm Springs

Area 5660

Interior

Interior Features Dual Sinks, Main Living Area Entry Level, Tub Shower, Upper Level Primary, Pantry

Heating Central

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Hardwood, Vinyl, Wood

Furnishings Unfurnished

Appliance Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer

Exterior

Exterior Feature Balcony, Fence, Patio, Storm/Security Shutters

Pool None

Community Features Home Owners Association, Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Composition,Other,Shingle

Porch Balcony, Open, Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Faces South

Story 1

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories One, Two

Structure Type Brick,Block,Stucco

Schools

Elementary Schools Meadow Park

Middle Schools Conniston

High Schools Forest Hill Community

Others

Pets Allowed No Pet Restrictions

HOA Name Triton

HOA Fee Include Common Area Maintenance,Insurance,Parking,Trash

Senior Community No

Restrictions No Boats,No RV,No Truck

Tax ID 70434417540021980

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA 203(k), FHA

Listing Terms Cash, Conventional, 1031 Exchange, FHA 203(k), FHA

Pets Allowed No Pet Restrictions

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Gobin & Co., LLC.

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Monica Brisson

Monica Brisson

+1(561) 235-2978

Broker Associate | License ID: 0645316

Broker Associate License ID: 0645316

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198 Lake Arbor DR