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$ 4,500,000
Est. payment | /mo
18,667 SqFt
$ 4,500,000
Est. payment | /mo
18,667 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,667 sqft
Price per Sqft $241
MLS Listing ID A12089473
HOA Y/N No
Year Built 1974
Annual Tax Amount $79,373
Tax Year 2025
Lot Size 1.369 Acres
Property Sub-Type Multi Family
Property Description
Olive Glenn Villas, located across six properties at 3111 NW 3 Ave, 3109 NW 3 Ave, 3107 NW 4 Ave, 3105 NW 4 Ave, 3007 NW 3 Ave, and 3108 NW 3 Ave, Pompano Beach, FL 33064, presents an opportunity to acquire a 24-unit multifamily portfolio consisting of 12 two-bedroom/two-bathroom units and 12 one-bedroom/one-bathroom units. The portfolio features approximately 18,667 SF of building area on a combined 59,636 SF of land, with spacious unit layouts, central A/C, new electrical breakers, and two parking spaces per unit. The properties currently generate approximately $402,646 in Gross Operating Income, offering investors a strong in-place income stream with potential for further upside. The portfolio can also be purchased together with the adjacent 22-unit Olive Glenn Apartments at 301 NW 32 Ct, creating an opportunity to acquire a combined 46-unit multifamily portfolio with multiple properties located next to each other. Strategically located just minutes from I-95 and Atlantic Boulevard, Olive Glenn Villas provides convenient access to Downtown Pompano Beach, major retail corridors, employment centers, and the Pompano Beach waterfront, supporting continued rental demand and long-term growth in the surrounding market.
Location
State FL
County Broward
Area 3425
Zoning RM-20
Exterior
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 484223200100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12089473
Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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