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Olive Glenn Apartments 3111 NW 3rd Ave 46 Unité Immeuble d’appartements 11 713 000 $ CAD (254 630 $ CAD/Unité) 6,14% Taux de capitalisation Pompano Beach, FL 33064
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Faits saillants de l'investissement
- 46-Unit Multifamily Portfolio: Diverse mix of oversized one-bedroom and two-bedroom units across seven buildings.
- Strong Stabilized Returns: Cap rate projected to increase from 6.14% to approximately 8.08% upon stabilization. $1M+ Pro Forma Income: Gross operating
- Oversized Unit Appeal: Many units feature larger layouts (Villa Style) with patios designed to attract and retain quality tenants.
- Immediate Value-Add Upside: Eight vacant units provide a clear path to increased occupancy and income.
- Efficient Multi-Building Layout: Adjacent buildings and villa-style fourplexes support practical management and operational efficiency.
- 40-Year Recertification Completed in 2026 | All Electrical Panels & Breakers Updated | Approx. 50% of Units Fully Remodeled | Central A/C Throughout
Résumé de l'annonce
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 property’s 40-year recertification was completed in 2026, and all electrical panels and breakers have been updated. Approximately half of the units have been fully remodeled, including new kitchens, flooring, lighting, and bathrooms. All units are equipped with central air conditioning, and the property offers ample on-site parking.
Each building also features coin-operated laundry facilities, providing an additional source of income for ownership.
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.
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 property’s 40-year recertification was completed in 2026, and all electrical panels and breakers have been updated. Approximately half of the units have been fully remodeled, including new kitchens, flooring, lighting, and bathrooms. All units are equipped with central air conditioning, and the property offers ample on-site parking.
Each building also features coin-operated laundry facilities, providing an additional source of income for ownership.
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.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
1 226 922 $
|
7,05 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
1 226 922 $
|
7,05 $
|
| Taxes |
222 769 $
|
1,28 $
|
| Dépenses d’exploitation |
284 955 $
|
1,64 $
|
| Total des dépenses |
507 724 $
|
2,92 $
|
| Revenu net d’exploitation |
719 198 $
|
4,13 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 1 226 922 $ |
| Annuel par pi² | 7,05 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 1 226 922 $ |
| Annuel par pi² | 7,05 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 222 769 $ |
| Annuel par pi² | 1,28 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 284 955 $ |
| Annuel par pi² | 1,64 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 507 724 $ |
| Annuel par pi² | 2,92 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 719 198 $ |
| Annuel par pi² | 4,13 $ |
Faits sur la propriété
| Prix | 11 713 000 $ CAD | Classe d’immeuble | C |
| Prix par unité | 254 630 $ CAD | Taille du lot | 3,42 AC |
| Type de vente | Investissement | Taille du bâtiment | 35 346 pi² |
| Taux de capitalisation | 6,14% | Occupation moyenne | 83% |
| Nombre d’unités | 46 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1979 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,24/1 000 pi² |
| Style d’appartement | Jardin | ||
| Zonage | RM-16, County | ||
| Prix | 11 713 000 $ CAD |
| Prix par unité | 254 630 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,14% |
| Nombre d’unités | 46 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 3,42 AC |
| Taille du bâtiment | 35 346 pi² |
| Occupation moyenne | 83% |
| Nombre d’étages | 2 |
| Année de construction | 1979 |
| Ratio de stationnement | 1,24/1 000 pi² |
| Zonage | RM-16, County |
Commodités
Commodités des unités
- Climatisation
- Balcon
- Prêt pour le câble
- Lave-vaisselle
- Micro-ondes
- Ventilateurs de plafond
- Cuisine
- Comptoirs de granit
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Tapis
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Clubhouse
- Terrain de jeu
- Terrain de tennis
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 1 | 1 860 $ CAD | 425 |
| 1+1 | 23 | 2 205 $ CAD | 675 - 700 |
| 2+2 | 22 | 2 618 $ CAD | 900 - 950 |
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
Impôts fonciers
Numéros de lot
Évaluation du terrain
360 835 $ CAD (2026)
Évaluation des bâtiments
3 591 201 $ CAD (2026)
Évaluation totale
4 057 825 $ CAD (2026)
Impôts annuels
222 769 $ CAD (6,30 $ CAD/pi²)
Année d’imposition
2025
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Olive Glenn Apartments | 3111 NW 3rd Ave
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