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3883 Park Ln
West Palm Beach, FL 33406 Palm Springs Village

$1,350,000 USD

Multifamily For Sale • 4,825 SF

Property Details

Property Type Multifamily
Total Building Size 4,825 SF
Lot Size 0.77 AC
Year Built 1976
Cap Rate 6.28 %
Zoning Multi-Family

10 Transit Score

60 Walk Score

                
                    Highlights
                
                                Fully occupied 5-unit multifamily property
                            
                                Strong value-add opportunity with all tenants month-to-month
                            
                                Approximately 0.77-acre site with 16 parking spaces
                            
                                Current rents of $9,600/month with projected market rents of approximately $11,900/month
                            
                                Private patios/yards and individual laundry rooms for every unit
                            
                                Recent improvements include a 2023–2024 roof and repaved/restriped parking lot

Property Flyers

Park_Lane_Apartments_Offering_Memorandum_Revised

Financial Summary (Actual)

Net Operating Income: $84,826 USD (2025)

Cap Rate:	6.28 %
Total Expenses:	$30,374 USD

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Worth Beach Station (Mangonia Park - Miami Airport - Tri-Rail)	8 min	-	3.6 mi
West Palm Beach Amtrak Station (Floridian - Amtrak, Silver Meteor - Amtrak)	14 min	-	7.9 mi
Airport	Drive	Walk	Distance
Palm Beach International	10 min	-	3.8 mi

Ahmed Abdeldayem 305-801-5871 ARA Commercial Partners

3883 Park Ln West Palm Beach, FL 33406 Palm Springs Village