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.

Features
Sewer
Address Map
State:
FL
County:
Broward
City:
Pompano Beach
Zipcode:
33064
Street:
3111 Nw 3rd Ave 1-24, Pompano Beach, Florida 33064
Longitude:
W81° 52' 19.3''
Latitude:
N26° 16' 11.2''
MLS Addon
Building Area:
18,667 Sqft
Cumulative DOM:
7
DOM:
7
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
484223200100
Structure Type:
Apartment
Tax Annual Amount:
$79,373
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Commercial Sale For Sale

3111 Nw 3rd Ave 1-24, Pompano Beach, Florida 33064, Pompano Beach, Florida 33064

59,636 Sqft
$4,500,000
MLS # #A12089473
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$4,500,000
Year Built :
1974
Lot Area :
59,636 Sqft
MLS # :
A12089473
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