700 Harlem Tenants Circle, Clewiston FL 33440

Description of 700 Harlem Tenants Circle, Clewiston FL 33440

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.

Property Details for 700 Harlem Tenants Circle, Clewiston FL 33440

Flooring

Vinyl

Heating

Central

Cooling

Central Air

Pool Private

No

Year Built Details

Resale

Building Information for 700 Harlem Tenants Circle, Clewiston FL 33440

Building Area Total

231332

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Association Fee

0

Association Amenities

Security Patrol

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector, Security Patrol, TV Camera, TV Monitor

Property Information for 700 Harlem Tenants Circle, Clewiston FL 33440

Lot Features

City Location, In Residential Area

Lot Size Square Feet

788,436

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Other Roof/Roof Structure, Other

Water Source

Public

New Construction

No

Public Records for 700 Harlem Tenants Circle, Clewiston FL 33440

Parcel Number

1344321A0000020100

Tax Annual Amount

0

Tax Year

2,024

Tax Legal Description

BEG 1460 FT S + 460 FT

Zoning

RG4

County Or Parish

Hendry County

Location