3883 Park Lane

Palm Springs, FL 33406
$1,350,000
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 laundryRead MoreRead Less
Courtesy of Ahmed Ribhi Abdeldayem, KW Innovations, 561-735-3000.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Lot Size
0.77 Acres
Year Built
1976
MLS Number
B26074501
30 Days Snapshot Of 33406
$529k
+41%
(avg) sold price
11
-38%
homes sold
65
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: Concrete Block Construction, Levels: 1, Stories: 1, Year Built: 1976, Year Built Details: Resale, Building Area Total: 2158, Structure Type: Multi Family
Community
Features: Gas Metered, Units In Community: 5
Cooling
Cooling: Central Air, Wall/Window Unit(s)
Expenses
Insurance Expense: 8500
Water Features
Water Source: Public
Heating
Heating: Central
Income
Gross Income: $115,200, Gross Scheduled Income: $115,200
Lot
Acres: 0.77, Features: 1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, Septic
Miscellaneous
Inclusions: Building Only, Business And Building
Parking
Parking Total: 16, Features: Assigned
Property
Leasable Area Units: Square Feet, Leasable Area: 4825
Roof
Roof: Comp Shingle Roof, Shingle
Security Features
Features: No Fire Protection, No Security
Sewer
Sewer: At Site, Other, Septic Tank, Sewer
Taxes
Parcel Number: 70434418000007416, Tax Annual Amount: $16,474, Tax Legal Description: 18-44-43~ N 295 FT OF S 335 FTOF E 172.6 FT OF W 657.6 FT OF NW 1/4 OF SW 1/4 (LESS W 142.6FT OF S 115 FT), Tax Year: 2026
Tenant Pays
Tenant Pays: Real Estate Tax, Water
Utilities
Electric On Property YN: t, Electric: 110 Volts Power, Utilities: Septic, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available
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