FL > Clewiston
Clewiston, FL 33440,700 Harlem Tenants CIR
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Clewiston, FL 33440,700 Harlem Tenants CIR
Clewiston, FL 33440,700 Harlem Tenants CIR
Clewiston, FL 33440,700 Harlem Tenants CIR
Clewiston, FL 33440,700 Harlem Tenants CIR
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Willie Cunningham

Willie Cunningham

+1(954) 292-4740
Listed by EXP Realty LLC
$ 10,000,000
Est. payment /mo
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700 Harlem Tenants CIR Clewiston, FL 33440

126 Baths

231,332 SqFt

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

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

Willie Cunningham

Willie Cunningham

Agent | License ID: 3386832

+1(954) 292-4740

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700 Harlem Tenants CIR