3883 Park Lane, Palm Springs, FL 33406
- $1,350,000
- List Price
- $1,350,000
- MLS#
- B26074501
- Status
- ACTIVE
- Type
- Commercial
Property Description
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.
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Additional Information
- Days on Market
- 2
- Tax Amount
- $16,474
- Water Access
- Building Only, Business And Building
- Parcel Number
- 70434418000007416
- Directions
- I-95 to Forest Hill Blvd, west to Kirk Road, south on Kirk Road, east on Park Lane. Property will be on the left.
- Address
- 3883 Park Lane, Palm Springs
- Year Built
- 1976
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Listing Courtesy of KW Innovations, Contact: