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.

Key Features

Built in 1976

Property Details

Type: Single Family Home
Year Built: 1976
HOA: Contact Agent
Bedrooms: 0
Bathrooms: 0
Feature: Built in 1976
Status: Active
MLS Number: 1190392405
Days on Market: 10
Listed By: KW Innovations · Ahmed Ribhi Abdeldayem PA
Zip Code: 33406

Listing information © 2026 Miami MLS. Information deemed reliable but not guaranteed. This listing is represented by TruDeals Realty at 0.5% seller commission. Buyer's agent commission is separate and negotiable.

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