3111 NW 3rd Ave 1-24 Pompano Beach, FL $ 4,500,000
3111 NW 3rd Ave 1-24
$ 4,500,000
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3111 NW 3rd Ave 1-24

Pompano Beach, FL, 33064
$ 4,500,000
Bedrooms12 Baths-- Sq 18,667

Monthly Estimate*

$ 28,413

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Commercial Property for sale in Pompano Beach, FL

for $4,500,000 with 12 bedrooms. This 18,667 square foot building was built in 1974.

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.

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Commercial Active

Price

$ 4,500,000

Bedrooms

12

Property Type

Commercial

Taxes

$ 79,373

Style

Year Built

1974

Town/City

Pompano Beach

County/Region

Broward

MLS | Web ID

A12089473

Features
General
Sewer Public Sewer
Possession Closing & Funding
Year Built 1974
Stories Count 1
Levels One
Unit Number 1-24
Property Subtype Multi Family
Tax Year 2025
County Broward
Property Type Commercial Sale
Full Baths 0
Status Active
City Pompano Beach
Zoning Description RM-20
Number Of Units Total 24
MLS Area 3425
Lot Size Units Square Feet
Lot Size Square Feet 59636
Tax Annual Amount 79373
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12089473
Structure Type Apartment
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Multi Family
Legal Description LOCH LOMOND SEC 3 78-46 B LOT 5 BLK 2
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Interior
Total Bedrooms 12
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 59636
Number of Buildings 6
Building Area Total 18667
Covered Spaces 0
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* Excluded Features
List By
Fausto Commercial Realty Consultants Inc

Broker

elevi@faustocommercial.com

Email

Affordability Calculator

$35,028
Per Month
81%
19%
0%
Monthly Principal & Interest
$28,413
Monthly Property Taxes
$6,614
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$4,500,000 Listed Price

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3111 NW 3rd Ave 1-24, Pompano Beach, FL, 33064 is a Commercial Property for sale at $4,500,000 with 18,667 sqft. 3111 NW 3rd Ave 1-24 has 12 bedroomsThe property's zip code is 33064 which is in Pompano Beach, FL