301 NW 32nd Ct # 46, Pompano Beach FL 33064 | Broward County | A12074813
- $8,500,000
- $8,500,000
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.
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Address
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Address: 32nd Ct
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City: Pompano Beach
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Zip/Postal Code: 33064
Details
Updated on August 28, 2026 at 1:00 am-
Property ID A12074813
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Price $8,500,000
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Year Built 1975
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Property Status Active, Commercial Sale
Additional details
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Cooling Central Building A/C
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Heating Central Building A/C
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Building Area 35346
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Unit Number 1-46
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Flood Zone X
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New Construction No
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Lot Size (Sq Ft) 103188
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