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For Sale Multi Family 788436SqFt at Clewiston - MLS R11127667

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US$ 10,000,000

700 Harlem Tenants Circle Clewiston

FL, 33440 - R11127667

Status:Active

788436 SqFt

1978 Build

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Yvette Yehudith Perez

+1 305 992 5538

yvettemiamirealtor@gmail.com

Exp Realty

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 information courtesy of EXP Realty LLC

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