3109 NW 3rd Ave - Multi-Family FOR SALE


Pompano Beach, FL 33064- Outer Pompano Beach/Deerfield Beach | 
$4,500,000 USD
954-743-7594
3109 NW 3rd Ave, Pompano Beach, FL for Sale
$4,500,000 USD
Multi-Family - FOR SALE
1/33
null | 5.74% Cap Rate


HIGHLIGHTS

  • Strong In-Place Income: Approximately $402,646 in current Gross Operating Income.
  • Balanced Unit Mix: 12 two-bedroom/two-bath and 12 one-bedroom/one-bath units.
  • Large Land Component: Approximately 59,636 SF of combined land across six properties.
  • 46-Unit Portfolio Opportunity: Can be combined with the adjacent 22-unit property for greater scale.
  • Multifamily Scale Opportunity: Six properties provide an opportunity to assemble a larger Pompano Beach footprint.
  • Prime Pompano Location: Minutes from I-95, Atlantic Boulevard, Downtown Pompano, and the waterfront.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

24

PRICE/UNIT

$187,500

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Glen Villas

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.01 AC

LAND SF

130,985 SF

ZONING

RM-20

APN/PARCEL ID

48-42-23-CA-0010

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.