700 Harlem Tenants ,Multi Family, Other for Sale & Rent

700 Harlem Tenants for Sale & Rent

Price $10,000,000.00

• Lot size 231332
• Year Build 1978
• Waterfront
• Zip 33440
• Style
• Parking Description
• Pool Yes
• Status Active

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.

BEG 1460 FT S + 460 FT

City Location, In Residential Area

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.

City:Clewiston,Roof:1:Other,Zoning:RG4,Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2024,Latitude:26.7349573,Cooling Y N:1,Heating Y N:1,List Price:10000000,Listing Id:R11127667,Longitude:-80.9466919,Mls Status:Active,Utilities:1:Cable Available,Year Built:1978,Directions: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.,Inclusions:Building Only, Business And Building,Postal Code:33440,Street Name:Harlem Tenants,Coordinates:1:26.7349573,Lot Features:1:In Residential Area,Photos Count:10,Days On Market:183,Listing Terms:1:Conventional,Lot Size Acres:18.1,Lot Size Units:Square Feet,M I A M I R E_ Area:5940 Florida Other,On Market Date:2025-09-28,Parcel Number:1344321A0000020100,Property Type:Commercial Sale,Stories Total:1,Street Number:700,Street Suffix:Circle,Public Remarks: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.,County Or Parish:Hendry County,Expiration Date:2026-09-10,List Office Name:EXP Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Property Sub Type:Multi Family,State Or Province:FL,Unparsed Address:700 Harlem Tenants Circle, Clewiston FL 33440,Building Features:1:Meeting Rooms,2:Manager On Premises,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Security Features:1:Smoke Detector(s),2:Smoke Detector,3:Security Patrol,4:TV Camera,5:TV Monitor,Year Built Details:Resale,Building Area Total:231332,Building Area Units:Square Feet,Community Features:1:Security Patrol,Leasable Area Units:Square Feet,M I A M I R E_ For Sale Y N:1,Original List Price:10000000,Documents Available:1:Photos,I D X Participation Y N:1,M I A M I R E_ Last Status:Active With Contract,M I A M I R E_ Num Offices:1,M I A M I R E_ Num Tenants:125,M I A M I R E_ Num Toilets:126,M I A M I R E_ Sub Board I D:Palm Beach,Number Of Units Total:126,Syndication Remarks: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.,Listing Contract Date:2025-09-28,Originating System I D:miamire,Showing Instructions:24 Hour Notice,List Agent Must Accompany,Text Agent Phone Number,Street Number Numeric:700,Tax Legal Description:BEG 1460 FT S + 460 FT,Electric On Property Y N:1,M I A M I R E_ A C Percentage:100,M I A M I R E_ Current Price:10000000,Bathrooms Total Integer:126,M I A M I R E_ Year Installed:1978,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Other Geographic Area (Out Of Area Only),M I A M I R E_ Parcel Number M L X:1344,M I A M I R E_ Supplement Count:5,Contract Status Change Date:2025-09-28,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:126,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:305-298-4276,M I A M I R E_ Approx Sqft Total Area:788436,M I A M I R E_ Property Description:BEG 1460 FT S + 460,M I A M I R E_ Maximum Ceiling Height:10,Internet Entire Listing Display Y N:1,M I A M I R E_ Subdivision Information:1:Security Patrol,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,