
$1,350,000
Commercial for Sale, 3883 Park Lane, Palm Springs, Florida 33406
- MLS#B26074501
Listed By KW Innovations
The Commercial Property for Sale located at 3883 Park Lane, Palm Springs, Florida 33406 is currently for sale.
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.
Location
3883 Park Lane, Palm Springs, Florida 33406
Property features
Construction
- Year built: 1976
- Roofing: Composition/shingleShingle
- Construction: Concrete/Block
Parking/Garage
- Parking description: Assigned
Heating and Cooling
- Heating System: Central
- Cooling System: Wall Or Window UnitsCentral AC
Utilities
- Other utilities: Sewer/SepticSewerPublicSewer Available Off SiteSeptic Tank