Larry Levin, Realtor

198 Lake Arbor Drive, Palm Springs, FL 33461

$319,999
  • 198 Lake Arbor Drive, Palm Springs, FL 33461 Main Photo

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Active Price Reduced by $5,001 on May 19th, 2026
BEDS2 BATHS2 full SQUARE FEET1,274 MLS#B26013829
STATUSActive PROPERTY TYPEResidential - Townhouse SUBDIVISIONLAKEWOOD OF PALM SPRINGS

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.

198 Lake Arbor Drive | MLS# B26013829

This townhouse located at 198 Lake Arbor Drive, Palm Springs, FL 33461 is currently listed for sale with an asking price of $319,999. This property was built in 1978 and has 2 bedrooms and 2 full baths with 1274 sq. ft. Lake Arbor Drive is located in the LAKEWOOD OF PALM SPRINGS subdivision. Search LAKEWOOD OF PALM SPRINGS real estate on www.livelovephilly.com today.

Property Features

Property Type: Residential - Townhouse
Cooling: Central Air, Ceiling Fan(s), Electric
Fenced: Yes
Heating: Central
Lot Size: 0.03 Acres
Roof Type: Mansard, Other, Shingle
Stories: 2.0
Taxes: $2,389
Year Built: 1978

Amenities

Pantry
Storage
Balcony

Feature Descriptions

Appliances: Gas Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater, Washer, Range
Association Amenities: Playground, Parking, Sidewalks, Street Lights
Association Fee Includes: Insurance, Maintenance Grounds, Trash, Common Areas
Days on Site: 39
Exterior: Brick, Stucco, CBS
Fencing: Back Yard, Fenced, Gate
Flooring: Vinyl, Wood
Furnished: Unfurnished
HOA Fee: $283/ Monthly
Laundry: In Bathroom, Gas Dryer Hookup, Inside, Laundry Room, Main Level, In Unit
Parcel#: 70434417540021980
Parking: Assigned, Guest
Parking Notes: Assigned, Guest
Patio/Porch: Patio - Open, Deck, Patio
Pets Allowed: Yes, Breed Restrictions, Number Limit
Security: Smoke Detector(s)
Sewer: Public Sewer
SQFT Living: 1232
Structure Type: Townhouse
Total Rooms: 3
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Waterfront Features: None

Room Sizes

Living Room: Level - Mainain
Kitchen: Level - Mainain
Primary Bedroom: Level - Upperpper

Local Schools

High School: Forest Hill
Middle School: Conniston Community
Elementary School: Meadow Park

Listed By / Shown By

Listed By

Agency Name: Gobin & Co., LLC.
Agency Phone: 678-463-2079

Shown By

Agent Name: Larry Levin
Agent Phone: Cell: (267) 808-6565
Agency Title: RealtyMark

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Estimated Payment

$ 1,004.60 per month $712.18 Principal & Interest $199.08 Property Tax $93.33 Homeowner's Insurance

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