Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$319,999
 $1,718 est/mo Sourced by Back At You

198 Lake Arbor Drive,Palm Springs, FL 33461

Palm Springs, FL 33461

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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 bathroomsminimizing 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.

Details

MLS #B26013829
Listing TypeFor Sale
StyleTown House
HOA Dues$283
Sub-TypeResale
StatusActive
Year1978
Days On Site142
Listing Provided ByGobin & Co., LLC. | Simo Bouchikh

Features

Bed(s)2
Bath(s) 2 Total
SQ Feet1,232
Story(s)1
ZoningRM (city)
Acreage0.03

Exterior

Lot FeaturesLess Than One Acre, Less Than Quarter Acre

Parking

Parking FeaturesAssigned, Guest, Two Or More Spaces

Taxes

Tax Annual Amount2389

Location

Community FeaturesHome Owners Association, Street Lights, Sidewalks

Area Information

StateFL
CountyPalm Beach
CityPalm Springs
Zip Code33461
Area5660
SubareaPalm Beach 5660; 5690; 5720; 5750; 5780
Community NameLAKEWOOD OF PALM SPRINGS
Listing VS Median (in LAKEWOOD OF PALM SPRINGS)
Price:
$319,999
low | high
Med:
$304,990
54.690327157272% of Average
sqft:
1,232
low | high
Med:
1,232
50% of Average
$ / sqft:
$260
low | high
Med:
$248
54.690327157272% of Average
On site:
142
low | high
Med:
52
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyPalm Beach
CityPalm Springs
Zip Code33461
Area5660
SubareaPalm Beach 5660; 5690; 5720; 5750; 5780
Community NameLAKEWOOD OF PALM SPRINGS
Listing VS Median (in LAKEWOOD OF PALM SPRINGS)
Price:
$319,999
low | high
Med:
$304,990
54.690327157272% of Average
sqft:
1,232
low | high
Med:
1,232
50% of Average
$ / sqft:
$260
low | high
Med:
$248
54.690327157272% of Average
On site:
142
low | high
Med:
52
100% of Average
Sourced by Back At You
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Price: $239K - $399K
sqft: 924 - 1,500
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Listing Updated: June 17, 2026 at 12:11:54 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc