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About the Listing 261010944 - 276619195
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.
Listing Highlights
Status
Active
Days on Site
172
Property Type
Commercial Sale
MLS ®
R11127667
Year Built
1978
Total Square Footage
231,332
Lot/Acreage
18.1
Interior Details
- Bedrooms: 0
- Bathrooms: 126 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: City Lot,Landscaped,Residential Lot,Subdivision
- Garage Capacity: N/A
- Zoning: RG4
- Roof: Other
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 1 34 43 21 A00 0002 010.0
- Tax Year: 2024
Payment Calculator
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Questions About..
700 Harlem Tenants Circle, Clewiston, Fl 33440 Clewiston, FL 33440
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