700 Harlem Tenants Circle
$10,000,000
700 Harlem Tenants Circle, Clewiston, FL 33440
For Sale
Multifamily
Active
Last Updated: 09/29/2025
1978
Year Built
RG4
Zoning
Details:
Year Built: 1978
Zoning: RG4
Roof: []
Floor: ["Vinyl Floor"]
Restrooms: 126
Cooling: []
Highlights:
- Building Area: 231332.0
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
Gallery
