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3111 NW 3rd Ave
Pompano Beach, FL 33064 Outer Pompano Beach/Deerfield Beach

$8,500,000 USD

Apartments For Sale • 173,937 SF

Property Details

Property Type Apartments
Total Building Size 35,346 SF
Lot Size 3.42 AC
Building Class C
Year Built 1979
Cap Rate 6.14 %
Zoning RM-16, County

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                46-Unit Multifamily Portfolio: Diverse mix of oversized one-bedroom and two-bedroom units across seven buildings.
                            
                                Immediate Value-Add Upside: Eight vacant units provide a clear path to increased occupancy and income.
                            
                                Strong Stabilized Returns: Cap rate projected to increase from 6.14% to approximately 8.08% upon stabilization. $1M+ Pro Forma Income: Gross operating
                            
                                Efficient Multi-Building Layout: Adjacent buildings and villa-style fourplexes support practical management and operational efficiency.
                            
                                Oversized Unit Appeal: Many units feature larger layouts (Villa Style) with patios designed to attract and retain quality tenants.
                            
                                40-Year Recertification Completed in 2026 | All Electrical Panels & Breakers Updated | Approx. 50% of Units Fully Remodeled | Central A/C Throughout

Property Flyers

Olive Glenn Apartments OM-E LEVI-

Financial Summary (Actual)

Net Operating Income: $521,914 USD (2025)

Cap Rate:	6.14 %
Total Expenses:	$368,450 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Red White & Blue - 301 NW 32nd

Amenities

24 Hour Access
Air Conditioning
Balcony
Cable Ready
Controlled Access
Clubhouse
Dishwasher
Microwave
Playground
Tennis Court
Ceiling Fans
Kitchen
Granite Countertops
Refrigerator
Oven
Stainless Steel Appliances
Range
Carpet

Public Transportation

Commuter Rail	Drive	Walk	Distance
Pompano Beach Station (Mangonia Park - Miami Airport - Tri-Rail)	4 min	18 min	1.0 mi
Deerfield Beach Amtrak Station (Floridian - Amtrak, Mangonia Park - Miami Airport - Amtrak, Silver Meteor - Amtrak)	9 min	-	4.9 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	26 min	-	17.7 mi
Palm Beach International	42 min	-	32.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	44
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

3111 NW 3rd Ave Pompano Beach, FL 33064 Outer Pompano Beach/Deerfield Beach