About 3883 Park Lane
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.
Features of 3883 Park Lane
| MLS® # | B26074501 |
|---|---|
| Price | $1,350,000 |
| Acres | 0.77 |
| Year Built | 1976 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | New |
Community Information
| Address | 3883 Park Lane |
|---|---|
| Area | 5690 |
| City | Palm Springs |
| County | Palm Beach |
| State | FL |
Amenities
| Utilities | Electricity Connected, Sewer Available, Water Available |
|---|---|
| Parking | Assigned |
Interior
| Heating | Central, Separate Meters |
|---|---|
| Cooling | Central Air, Wall/Window Unit(s) |
| # of Stories | 1 |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Block |
Additional Information
| Zoning | RM (city) |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Innovations |
|---|