$4,500,0008 days on marketActive

3111 NW 3rd Avenue 1-24, Pompano Beach, FL 33064

Pompano Beach, FL 33064

Sq Ft

1974

Year Built

1.37 acres

Lot Size

Listing Snapshot

List Price	$4,500,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	1.37 acres

Year Built	1974
Property Tax	$79,373/yr
MLS #	1191238913
Status	Active
Days on Market	8

About This Home

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.