700 Harlem Tenants CIR, Clewiston, FL 33440
700 Harlem Tenants CIR, Clewiston, FL 33440
700 Harlem Tenants CIR, Clewiston, FL 33440
10
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$10,000,000
Est. payment /mo
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126 Baths
231,332 SqFt
Active

700 Harlem Tenants CIR Clewiston, FL 33440

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Gemma Peterson

Gemma Peterson

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 231,332 sqft

Price per Sqft $43

MLS Listing ID R11127667

Construction Status Resale

HOA Y/N No

Year Built 1978

Tax Year 2024

Lot Size 18.100 Acres

Acres 18.1

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Hendry

Area 5940 - Other Florida County

Direction 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.

Region Clewiston

City Region Clewiston

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Roof Type Other

Building

Lot Description City Lot, Landscaped, Residential Lot, Subdivision

Water Public

Level or Stories One

New Construction No

Construction Status Resale

Others

Pets Allowed No

Tax ID 1344321A0000020100

Security Features Closed Circuit Camera(s),Smoke Detector(s),Security Guard

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/700-Harlem-Tenants-Circle-Clewiston-FL-33440/unbranded

BeachesMLS, Inc. (FLR) VOW
Listed by Vikaash Moosai EXP Realty LLC

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700 Harlem Tenants CIR

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