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2785 Reo Lane # 1, Palm Springs FL 33461

Multi-family For Sale
$1,300,000

BTC: 20.88353414

ETH: 772.56789683

+$100K (2026/06/10)
New
0 room(s)
2,484 sqft

Overview

Exceptional Investment Opportunity! Fully renovated triplex with all improvements completed with permits. This turnkey property features a new metal roof, impact windows, new kitchens, new flooring, new appliances, and washer & dryer in every unit. Each unit has been tastefully updated with matching modern finishes and includes a private metal-fenced backyard. Three 2-bedroom, 1-bath units, each currently rented for $2,300 per month, providing immediate rental income. Be sure to view 2807 REO Triplex as well. Both triplex properties are being sold together as a package, creating a unique opportunity to acquire six fully renovated rental units in one transaction. Perfect for investors seeking a low-maintenance, cash-flowing asset with major capital improvements already comp

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1976
Lot:
0.33 Acres
Heating:
Central Building A/C / Electric
Price/sqft:
$523
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$684,999
$421K – $1.2M
Confidence Low
List vs. estimate
$615K above estimate
List $1,300,000 · +89.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$523
+24.5% vs. city median $420
Based on
14 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $440K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,837
2025
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central Building A/C

    • Electric

    Cooling

    • Central Air

  • Property

    • Levels: 1

    • Exterior Features: None

    Lot

    • Lot: 0.33 Acres

    Other Property Information

    • Parcel Number: 70434418000007840

    • Zoning: RM (city)

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $8,837

  • Source details

    • MLS ID: B26038826

    Other facts

    • Construction Materials: Stucco

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre / Fenced

    • Patio And Porch Features: Patio

    • Window Features: Complete Impact Glass / Blinds / Verticals

    • Architectural Style: One Story

    • Living Area: 2484

    • Water Source: Public

    • Subdivision Name: Palm Spring

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Home Partnership Group, LLC