3883 Park ,Multi Family for Sale & Rent

3883 Park for Sale & Rent

Price $1,350,000.00

• Lot size 2158
• Year Build 1976
• Waterfront
• Zip 33406
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

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.

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)

1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, Septic

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.

City:Palm Springs,Roof:1:Shingle,Sewer:1:Other,2:Septic Tank,3:Sewer,Zoning:RM (city),Cooling:1:Wall/Window Unit(s),Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2026,Latitude:26.6372073,Cooling Y N:1,Heating Y N:1,List Price:1350000,Listing Id:B26074501,Longitude:-80.103,Mls Status:Active,Ownership:Corporation,Utilities:1:Sewer Connected,2:Water Connected,3:Electricity Available,4:Sewer Available,5:Water Available,Year Built:1976,Directions:I-95 to Forest Hill Blvd, west to Kirk Road, south on Kirk Road, east on Park Lane. Property will be on the left.,Inclusions:Building Only, Business And Building,Postal Code:33406,Street Name:Park,Tenant Pays:1:Water,Coordinates:1:26.6372073,Gross Income:115200,Lot Features:1:Less Than 1 Acre,2:Septic,Photos Count:29,Leasable Area:4825,Listing Terms:1:Conventional,Lot Size Acres:0.77,Lot Size Units:Square Feet,M I A M I R E_ Area:5690,On Market Date:2026-09-10,Parcel Number:70434418000007416,Parking Total:16,Property Type:Commercial Sale,Stories Total:1,Street Number:3883,Street Suffix:Lane,Ownership Type:Corporation,Public Remarks: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.,County Or Parish:Palm Beach County,Documents Count:1,Expiration Date:2027-09-10,List Office Name:KW Innovations,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8531,Property Sub Type:Multi Family,State Or Province:FL,Tax Annual Amount:16474,Total Actual Rent:115200,Unparsed Address:3883 Park Lane, Palm Springs FL 33406,Insurance Expense:8500,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Security Features:1:No Security,Year Built Details:Resale,Building Area Total:2158,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:7,Number Of Buildings:2,Original List Price:1350000,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks: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.,Listing Contract Date:2026-09-10,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Pet On Premises,Street Number Numeric:3883,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),Electric On Property Y N:1,Gross Scheduled Income:115200,M I A M I R E_ Current Price:1350000,M I A M I R E_ Municipal Code:70,M I A M I R E_ Year Installed:1976,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Building Number:3883-3,M I A M I R E_ Geographic Area:Palm Beach 5660; 5690; 5720; 5750; 5780,M I A M I R E_ Parcel Number M L X:7043,M I A M I R E_ Separate Meter Y N:1,Contract Status Change Date:2026-09-10,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Acreage Description:1/2+ To 3/4 Acre,M I A M I R E_ Building Name Number:3883-3889,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:16,M I A M I R E_ Agent Alternate Phone:305-801-5871,M I A M I R E_ Maximum Leasable Sqft:4825,M I A M I R E_ Property Description:MULTI-FAMILY LESS THAN 10,Internet Entire Listing Display Y N:1,M I A M I R E_ Common Area Maint Includes:1:Water,M I A M I R E_ Dade Market Amt Assessed Amt:1216269,Internet Automated Valuation Display Y N:1,