Modern Living Group
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$319,999ACTIVE

198 Lake Arbor Drive, Palm Springs, FL 33461

2beds2baths1,232sq ft$260/ sq ft
THE RESIDENCE

About this home

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.

THE DETAILS

Property details

List Price$319,999
Price / Sq Ft$260
Bedrooms2
Bathrooms2
Inside Sq Ft1,232
HOA Fee$283/mo
Lot Size0.03 acres
Year Built1978
FlooringVinyl, Wood
Days on Market73
Property TypeTownhouse
MLS #B26013829
StatusActive
Original List Price$325,000
Total Sq Ft1,274
Stories1
Show all details (12 more)
WaterfrontNo
Building AmenitiesPlayground, Parking, Sidewalks
Parking2
Direction FacesSouth
Annual Taxes (2025)$2,389
Elementary SchoolMeadow Park
Middle SchoolConniston Community
High SchoolForest Hill
CityPalm Springs
Zip Code33461
PetsAllowed (max 2 pets, restrictions, breed restrictions)
HOA IncludesCommon Areas, Insurance, Maintenance Grounds, Trash
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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