Property 3883 Park Lane, Palm Springs, FL for sale with MLS# B26074501
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.
3883 Park Lane, Palm Springs, FL
Price
- Price:
- $1,350,000.00
- Original List Price:
- $1,350,000.00
Business Info
- Gross Scheduled Income:
- 115200
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- October 1, 2026 1:09 pm
Measures
- Built-Up Area:
- 2,158 Sqft
- Lot Area:
- 33,541.20 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.77
Property Features
- Air Conditioning
- Air Conditioning System:
- Central Air, Wall/window Unit(s)
- Heating
- Heating System:
- Central, Separate Meters
- Fence:
- Back Yard
- Sprinkler Description:
- Auto Sprinkler
Construction
- Year Built:
- 1976
- Year Built Details:
- Built 1976-1977; Roof Replaced Approximately 2023-2024.
- Roof:
- Shingle
- Number of Buildings:
- 2
- Number of Units Total:
- 5
- Construction Materials:
- Block
- Number of stories:
- 1
- Stories:
- 1
- Flood Zone Code:
- X
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $16,474.00
- Tax Year:
- 2026
- Maintenance Expense:
- $1,800.00
- Insurance Expense:
- $8,500.00
Parking
- Parking Total Spaces:
- 16
- Parking Features:
- Assigned
Utilities
- Sewer:
- Septic Tank
- Electric:
- 110 Volts
- Utilities Available:
- Sewer Available, Water Available, Electricity Connected
- Water Source:
- Public
Community
- Building Name:
- 3883-3889
- Senior Community:
- No
Terms
- Documents Available:
- Other
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Other
Zoning and Legal
- 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)
- Real Estate Folio Number (Parcel Number):
- 70434418000007416
- Zoning:
- RM (city)
Listing History
- Active on the market since:
- September 10, 2026
- Listing Agreement executed on:
- September 10, 2026
- Purchase Contract Date:
- September 29, 2026
- Listing Status Last Changed On:
- October 1, 2026 1:09 pm
- Photos updated on:
- September 10, 2026 3:06 pm
- Last Modified:
- October 1, 2026 1:10 pm
Additional Information
- Courtesy of:
- KW Innovations
- Attribution:
- Not provided
Location
- Street Name:
- Park
- Street Number:
- 3883
- City:
- Palm Springs
- State:
- Florida
- County:
- Palm Beach
- Latitude:
- N26° 38' 13.8''
- Longitude:
- W81° 53' 49.7''
- Street Suffix:
- Lane
Property Map
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