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301 32nd Ct 1-46, Pompano Beach, FL 33064
Offering:
For Sale
Location:
Pompano Beach, FL 33064
Status:
Active
$8,500,000
Details
Year built:
1975
Lot size:
2.37 acres · 103,188 sq ft
Type:
Multi-family
MLS ID
A12074813
Virtual tour:
Listed by:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
Listing office email:
Listing agent:
Elior Levi (3574869)
Utilities
Water source:
Public
Sewer:
Public Sewer
Description
Fausto Commercial is pleased to present Olive Glenn Apartments, a 46-unit multifamily investment opportunity in Pompano Beach, Florida. The offering consists of a 22-unit two-story apartment building located at 301 NW 32 Ct, together with six adjacent fourplex villa-style buildings located at 3111, 3109, 3107, 3105, 3007, and 3108 NW 3 Ave.
The property includes a balanced unit mix of 1 studio, 23 one-bedroom / one-bath units, and 22 two-bedroom / two-bath units, with many units featuring oversized layouts that support strong tenant appeal.
The asset is currently operating at an in-place 6.14% cap rate with eight vacant units, creating a clear near-term value-add opportunity. Upon leasing the vacant units, the property is projected to reach approximately an 8.08% cap rate with pro forma gross operating income of approximately $1,008,000.
With multiple buildings positioned largely adjacent to one another, Olive Glenn Apartments benefits from operational efficiency, on-site management practicality, and the diversification advantages of a multi-building portfolio. The villa-style fourplex configuration also creates a more residential feel that can support tenant retention and long-term stability.
Price history
$8,500,000 → $8,500,000
· 1 price changes
Location
301 NW 32nd Ct 1-46Pompano Beach, FL 33064
MLS information
Last updated Aug 28, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
