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® # | R11127667 |
|---|---|
| USD | $10,000,000 |
| CAD | $13,806,900 |
| CNY | 元67,184,000 |
| EUR | €8,613,860 |
| GBP | £7,407,060 |
| RUB | ₽871,004,000 |
| Bathrooms | 0.00 |
| Acres | 18.10 |
| Year Built | 1978 |
| Type | Business |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 700 Harlem Tenants Circle |
|---|---|
| Area | 5940 Florida Other |
| City | Clewiston |
| County | Hendry |
| State | FL |
| Zip Code | 33440 |
Amenities
| Amenities | Security |
|---|---|
| Utilities | Cable Available |
| Features | Property Manager On-Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Other |
|---|---|
| Construction | Block |