2785 Reo Lane 1, Palm Springs, FL 33461

New Listing

$1,300,000

Virtual Tour

https://www.propertypanorama.com/2785-Reo-Lane-Unit-1-Palm-Springs-FL-33461/unbranded

Property Type: Residential Income Square Footage: 3,128 Status: Active

Current Price: $1,300,000 List Date: 6/09/2026 Last Modified: 6/10/2026

Overview

Description

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

Listing Details MLS# B26038826

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Building Area Main: 3128
Building Area Source: Public Records
Living Area Main: 2484
Living Area Source: Plans
Adjusted Area Main: 2675
Accessibility Features YN: No
Year Built: 1976
Parking Total: 6
Gated Community YN: No
Lot Size Area: 14465
Lot Size Acres: 0.33
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Pool Private YN: No
LP/Assessed Value: 3.52

Property Features

Documents Available: None Electric: Three Phase Exterior Features: None Fencing: Fenced Flooring: Tile Property Condition: Resale Special Listing Conditions: Standard Structure Type: Triplex Tenant Pays: Cable TV; Electricity; Insurance Source Of Expenses: Other Construction Materials: Stucco Cooling: Central Air Heating: Central Building; Electric Laundry Features: In Kitchen Levels: One Listing Terms: Cash; Conventional; Other Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: Parking - No Trailer Roof: Aluminum Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County; County Only; No Homestead Utilities: Cable Available; Electricity Available; Water Available Water Access: None Water Source: Public Window Features: Blinds; Storm Window(s) Showing Requirements: 24 Hour Notice; Appointment Only; Combination Lock Box; Occupied; Schedule Online; Text Listing Agent Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1200000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 2785
Street Name: Reo
Street Suffix: Lane
Unit Number: Yes
Municipality Type: Incorporated
Municipal Code: 70
State Or Province: FL
Postal Code: 33461
Postal Code +4: 1800
Subdivision Name: Palm Spring
Area: 5690
Geographic Area: PB19
Elementary School: Clifford O. Taylor / Kirklane
Middle Or Junior School: Palm Springs Community (Palm Beach)
High School: John I. Leonard
Special Assessment YN: No
Parcel Number: 70434418000007840
Zoning: RM (city)
Flood Zone: X
Directions: From I 95, exit to Forest Hill west and turn to Kirk Road south and turn to Park Road east and turn to Reo Lane south
Multiple Offers Accepted: Yes
Subdivision Number: 0

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 8837.73
Tax Year: 2025
Tax Assessed/SOH Value: 369197
Tax Legal Description: 18-44-43~ S 95 FT OF N 230 FT OF E 150 FT OF W 641.04 FT OF SW 1/4 OF SW 1/4
Assessor Market Value: 482747
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-06-09T22:09:58Z
Major Change Type: Price Change
Price Change Timestamp: 2026-06-09T22:09:58Z
Status Change Date: 2026-06-09

More Information

Leasing Permitted Details

Leasing Permitted YN: No

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 3
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Annual Total Expense: 20000
Gross Income: 828000

Pet Details

Pet Fee YN: No

Storm Protection

Impact Glass: Complete

Unit 1 Details

Actual Rent: 2300
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 828

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-05-31
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 2300
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 828

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-04-30
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 2300
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
SqFt: 828

Unit 3 Lease Description

Currently Leased YN: No

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 523.34

Originating Details

Originating System Key: 20260609160016468178000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Exterior Features

None: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Special Listing Conditions

Standard: Yes

Documents Available

None: Yes

Fencing

Fenced: Yes

Structure Type

Triplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Insurance: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Water Available: Yes

View

City: Yes

Heating

Central Building: Yes
Electric: Yes

Water Access

None: Yes

Window Features

Blinds: Yes
Storm Window(s): Yes

Construction Materials

Stucco: Yes

Laundry Features

In Kitchen: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Roof

Aluminum: Yes

Water Source

Public: Yes

Source Of Expenses

Other: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Combination Lock Box: Yes
Occupied: Yes
Schedule Online: Yes
Text Listing Agent: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

Parking - No Trailer: Yes

Tax Information

City/County: Yes
County Only: Yes
No Homestead: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Unit 1 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 3 Rooms

Kitchen: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Home Partnership Group, LLC

Last Updated: June - 10 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

2785 Reo Lane 1, Palm Springs, FL 33461 (MLS# B26038826)