Active MLS listing · MLS #R11127667

700 Harlem Tenants Circle

Clewiston, FL, 33440

1 / 12

$10,000,000

-Beds

126Baths

231332SqFt

Property type: Multi Family
Subdivision: -
Year built: 1978

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 Courtesy of: EXP Realty LLC
a.shahin.broker@exprealty.net

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