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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 1,350,000

Est. payment -/mo

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3883 Park LN Palm Springs, FL

2,158 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,158 sqft

Price per Sqft $625

MLS Listing ID B26074501

Construction Status Resale

HOA Y/N No

Year Built 1976

Annual Tax Amount $16,474

Tax Year 2026

Lot Size 0.770 Acres

Acres 0.77

Property Sub-Type Multi Family

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.

Location

State FL

County Palm Beach

Area 5690

Zoning RM (city)

Interior

Interior Features InteriorFeatures

Heating Central, Separate Meters

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned

Fence Back Yard

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Shingle

Accessibility None

Total Parking Spaces 16

Building

Lot Description Sprinklers Automatic

Story 1

Entry Level One

Sewer Septic Tank

Water Public

Level or Stories One

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 70434418000007416

Security Features None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/3883-Park-Lane-Palm-Springs-FL/unbranded

Listed by Ahmed Ribhi Abdeldayem PA KW Innovations

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor License ID: SL3570527

+1(781) 801-5885

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