About 700 Harlem Tenants Circle
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.
Features of 700 Harlem Tenants Circle
| MLS® # | RX-11127667 |
|---|---|
| Price | $10,000,000 |
| Square Footage | 231,332 |
| Acres | 18.10 |
| Year Built | 1978 |
| Type | Commercial |
| Sub-Type | Income |
| Style | Free Standing, Other, Resident. Multi-Fam. |
| Status | New |
Community Information
| Address | 700 Harlem Tenants Circle |
|---|---|
| Area | 5940 |
| City | Clewiston |
| County | Hendry |
| State | FL |
| Zip Code | 33440 |
Amenities
| Utilities | Cable, 3-Phase Electric, Public Water |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Central |
| Cooling | Central |
| # of Stories | 1 |
Exterior
| Lot Description | BEG 1460 FT S + 460 |
|---|---|
| Roof | Other |
| Construction | CBS |
Additional Information
| Zoning | RG4 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | EXP Realty LLC |
|---|