700 Harlem Tenants Circle, Clewiston FL 33440
Multi Family in Clewiston
$10,000,000
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Multi Family, Commercial Sale
Details
Overview
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.
This multi family home located at 700 Harlem Tenants Circle, Clewiston FL 33440 is currently for sale and has been available on Brickellsold for 249 days. This property is listed at $10M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1978. 700 Harlem Tenants Circle, Clewiston FL 33440 is in Clewiston county Hendry County.
Interior
- Flooring: Vinyl
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1978
Community & HOA
- Security Features: Smoke Alarm, Smoke Detector(s), Smoke Detector, Security Patrol, TV Camera, TV Monitor
- Amenities: Security Patrol