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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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3883 Park Ln , Palm Springs, FL 33406
$1,350,000
Est. Payment: $3,000.00/mo
0 Bed
0 Bath
2158 Sqft
Status: Active | Days on site: 5
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FLL800014 - FLL276534739
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Ahmed Ribhi Abdeldayem PA , 305-801-5871 KW Innovations , 561-735-3000.

Property Type

Commercial Sale
Lot/Acreage
0.77

Year Built

1976

County

Palm Beach

Area

5690

Listing ID

B26074501

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Central Air,Wall/Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:<1 Acre,Sprinklers Automatic
Garage Capacity:16
Zoning:RM (city)
Roof:Composition,Shingle
Sewer:Not Connected (at lot),Public Sewer,Other,Septic Tank
Parking Features:Assigned
Principal Interest
$3,000
Taxes
$1,373

Home Price

$1,350,000

Loan Details

30 yrs
%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,000.00 $1,372.83 $0.00 $4,372.83
Yearly $36,000.00 $16,474.00 $0.00 $52,474.00
Total $1,080,000.00 $494,220.00 $0.00 $1,574,220.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Palm Springs, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.