3883 Park Lane

Highlights:

• Lot Features: 1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, Septic
• Gross Income: 115200
• Number Of Buildings: 2
• Bathrooms Total: 0
• Documents Available: Other Documents Available
• Cooling: Central Air, Wall/Window Unit(s)
• Heating: Central
• Electric: 110 Volts Power
• Construction Materials: Concrete Block Construction
• Parking Features: Assigned
• Security Features: No Fire Protection, No Security
• Insurance Expense: 8500
• Ownership: Corporation

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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Listing ID: B26074501