FL > Clewiston
Clewiston, FL 33440,700 Harlem Tenants CIR
Clewiston, FL 33440,700 Harlem Tenants CIR
Clewiston, FL 33440,700 Harlem Tenants CIR
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
29
Sep
Tue
30
Sep
Wed
1
Oct
Len Edelman

Len Edelman

+1(561) 350-8273
Listed by EXP Realty LLC
$10,000,000
Est. payment /mo
126 Baths
231,332 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 231,332 sqft

Price per Sqft $43

MLS Listing ID RX-11127667

Construction Status Resale

Year Built 1978

Tax Year 2024

Lot Size 18.100 Acres

Property Sub-Type MultiFamily (5+ Units)

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

Zoning RG4

Interior

Heating Central

Cooling Central

Flooring Vinyl Floor

Fireplaces Type Smoke Detector

Exterior

Utilities Available Cable, Electric, Public Water

Waterfront Description None

Roof Type Other

Security Security Patrol,TV Camera

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

Miscellaneous Landscaped

Security Features Security Patrol,TV Camera

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Read Less Info

Get More Information

Len Edelman

Len Edelman

+1(561) 350-8273

Agent | License ID: 1028332

Agent License ID: 1028332

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Len Edelman, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
QUICK SEARCH
VIEW MORE