Multi Family · Commercial Sale
3883 Park Lane, Palm Springs FL 33406
Palm Springs, FL, 33406
$1,350,000
Presented by Parvani Commercial Group, Inc.
About This Property
Excellent 5-unit multifamily investment opportunity in Palm Springs. Park Lane Apartments sits on approximately 0.77 acres and includes four 2BR/1BA units and one 3BR/1BA unit. Fully occupied with month-to-month tenants, offering strong value-add potential through renovations and rent increases. Features include separate electric meters, private patios and yards, individual laundry rooms, 16 parking spaces, and a recently repaved and restriped lot. Newer roof installed approximately 2023-2024. Current rents total $9,600/month with projected market rents of approximately $11,900/month. Offered at $1,350,000. Please do not disturb tenants.
Property Details
- Property Type
- Multi Family
- Status
- Active
- MLS #
- B26074501
- Building Area
- 2,158 SF
- Leasable Area
- 4,825 SF
- Lot Size
- 0.77 acres
- Year Built
- 1976
- Zoning
- RM (city)
- Units
- 5
- Days on Market
- 10
- Price
- $1,350,000