Multi Family · Under contract

3883 Park Lane

Palm Springs, FL 33406

$1,350,000

Year built: 1976

Listing courtesy of Ahmed Ribhi Abdeldayem, KW Innovations

About this home

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.

Details

Property

Type: Multi Family
Year built: 1976
Stories: 1
County: Palm Beach County

Interior

Cooling: Central Air, Wall/Window Unit(s)
Heating: Central

Exterior and parking

Parking: Assigned
Construction: Concrete Block Construction
Roof: Comp Shingle Roof, Shingle

Community and fees

Maintenance includes: Water
Security: No Fire Protection, No Security
Annual taxes: $16,474
Terms: All Cash, Conventional

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 2, 2026.