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Address
700 Harlem Tenants Clewiston
Price
$10,000,000
Notes
MLS# R11127667
Listing Status Active
County Hendry County
City Clewiston
Area 5940 Florida Other
Neighborhood
Zip 33440
Style —
Year Built 1978
Taxes —
Price $10,000,000
Bedrooms —
Full Bathrooms —
Half Bathrooms —
Price
$10,000,000
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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Interior Features
Interior Amenities —
Air Conditioning Y/N Yes
Heating Y/N Yes
Half Baths —
Total Bedrooms —
Living Area Source —
Total Baths 126
General Features
Sewer
Heating Central
Cooling Central Air
Possession
Roof Other Roof/Roof Structure, Other
Appliances
Development Status
Architectural Style
Pool Features
Construction Materials
CBS Construction
Pets Allowed
View
Property Subtype Multi Family
Tax Year 2024
Property Type Commercial Sale
Garage Y/N —
Special Listing Conditions
Sale
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.
Disclosures
Senior Community Y/N —
Zoning Description RG4
Lot Size Square Feet 788,436 SqFt
Listing Terms All Cash, Conventional
Year Built Details Resale
Lease Considered Y/N —
Exterior Features
Exterior Amenities
Parking Features
Lot Features City Location, In Residential Area
Water Source Public
Waterfront Y/N No
Road Frontage Type
Location