700 Harlem Tenants Circle, Clewiston, FL 33440
- $10,000,000
- 126
- BA
- List Price
- $10,000,000
- MLS#
- R11127667
- Status
- ACTIVE
- Type
- Commercial
Property Description
Harlem Garden Apartments is a 126-unit, fully HAP-assisted property sitting on 18 acres in Clewiston with no property taxes. Occupancy is 97%+, rents are backed by HUD, and the asset is fully staffed and in compliance. 2024 was distorted by one-time costs (insurance spike, HUD repayment, extraordinary repairs). When we normalize, NOI comes in around ~$525k. With the next HUD rent adjustment and expense optimizations, we project $650k NOI in 2026, which supports our $10MM asking price at a 6.5% cap.
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Additional Information
- Days on Market
- 39
- Water Access
- Building Only, Business And Building
- Parcel Number
- 1344321A0000020100
- Lot Size
- 788,436
- Directions
- Continue on US-441 N/US-98. Take US-27 N to W C Owen Ave in Clewiston. Continue on W C Owen Ave. Take Georgia Ave to Harlem Tenants Cir in Harlem.
- Address
- 700 Harlem Tenants Circle, Clewiston
- Year Built
- 1978
Mortgage Calculator
Listing Courtesy of EXP Realty LLC, Contact: