3883 Park Lane, Palm Springs, FL
About this property
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.
Property facts
- Sqft
- 2,158
- Year Built
- 1976
- Location
- Palm Springs, FL 33406
- County
- Palm Beach County
- FEMA flood zone
- Zone X, minimal risk
- Ground elevation
- 17.1 ft
- Hurricane evacuation zone
- Not in a designated evacuation zone
- Distance to the coast
- 3.4 mi
Sources: FEMA National Flood Hazard Layer (panel 12099C0588F, effective 2017-10-05), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-03. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.