301 32nd Ct #1-46 ,Apartments for Sale & Rent

301 32nd Ct #1-46 for Sale & Rent

Price $8,500,000.00

• Lot size 103188
• Year Build 1975
• Waterfront
• Zip 33064
• Style
• Parking Description
• Pool Yes
• Status Active

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.

LOCH LOMOND SEC 3 78-46 B LOT 1,2,3 E 50.88 BLK 1

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.

City:Pompano Beach,Zoning:RM-20,List A O R:A-Miami Association of REALTORS,Latitude:26.2710581,Cooling Y N:1,Heating Y N:1,List Price:8500000,Listing Id:A12074813,Longitude:-80.1287677,Mls Status:Active,Year Built:1975,Postal Code:33064,Street Name:32nd Ct,Unit Number:1-46,Coordinates:1:26.2710581,Photos Count:42,Listing Terms:1:Conventional/Refinance,Lot Size Acres:2.37,Lot Size Units:Square Feet,M I A M I R E_ Area:3425,On Market Date:2026-08-28,Parcel Number:484223200010,Property Type:Commercial Sale,Street Number:301,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2027-03-20,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2900,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Unparsed Address:301 NW 32nd Ct # 46, Pompano Beach FL 33064,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:35346,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:103188,M I A M I R E_ Flood Zone:X,Original List Price:8500000,Public Survey Range:48,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-08-28,Originating System I D:miamire,Public Survey Section:23,Showing Instructions:Call Listing Agent,Street Number Numeric:301,Tax Legal Description:LOCH LOMOND SEC 3 78-46 B LOT 1,2,3 E 50.88 BLK 1,M I A M I R E_ Current Price:8500000,Public Survey Township:48,M I A M I R E_ Total Mortgage:22614100,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial Realty Consultants Inc.,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Street View Param:1$26.271167$-80.128393$354.42$13.33$1.00$tYQM3fV9xNuPHQDehJHoog,Contract Status Change Date:2026-08-28,Internet Address Display Y N:1,Number Of Units In Community:46,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:20,M I A M I R E_ Agent Alternate Phone:954-743-7594,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:301 NW 32nd Ct 1-46,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,