Property description of Income/MultiFamily

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.

Property Features