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198 Lake Arbor Drive, Palm Springs FL 33461

Residential

198 Lake Arbor

Palm Springs, FL 33461

ML#:B26013829
List Price:$319,999
Status:Active
Days on Market:58
Listing Brkr:Gobin & Co., LLC.
Subdivision:LAKEWOOD OF PALM SPRINGS
Bedrooms:2
Baths:2
SqFt (Liv):1,232
Lot Size:0.03 acres
Year Built:1978
Stories:1

General Information

Type Property:Residential
Style:Townhouse
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33461
Subdivision:LAKEWOOD OF PALM SPRINGS
Latitude:26.636656
Longitude:-80.081945

Rooms

Total Rooms:3
Bedrooms:2
Full Baths:2
Half Baths:0

Additional Features

Interior:Pantry, Storage
Exterior:Open Balcony
Appliances:Gas Water Heater, Natural Gas Water Heater, Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Flooring:Vinyl, Wood
Heating:Central
Cooling:Ceiling Fan(s), Central Air, Electric
Construction:Brick, CBS Construction, Stucco
Waterfront:No
Furnished:Unfurnished
Pets Allowed:Yes
Community:Mandatory Hoa, Sidewalks, Street Lights
Security:Smoke Alarm, Smoke Detector(s), Smoke Detector

Financial Information

HOA (Monthly):$283
Annual Taxes (2025):$2,389
Original Price:$325,000
Days on Market:58

Remarks

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.

Listing Agent

Simo Bouchikh

Gobin & Co., LLC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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