561$10,000,000
700 Harlem Tenants CircleClewiston, FL 33440
MLS# RX-11127667
Status: Active Under Contract
126 baths | 231332 sqft
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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.
Details
Maps
Documents
Contract Information
Status: Active Under Contract
Original List Price: 10000000
Auction: No
List Price: $10,000,000
Current Price: $10,000,000
List Price/Bldg SqFt: 43.22
Listing Date: 2025-09-28
Negotiable Seller Concessions YN: Yes
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: BEG 1460 FT S + 460
Year Built: 1978
Built Desc: Resale
SqFt - Living: 231332
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 126
Baths - Total: 126
Acres: 18.1
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5940
County: Hendry
Parcel ID: 1 34 43 21 A00 0002 010.0
Street #: 700
Street Name: Harlem Tenants
Street Suffix: Circle
Zip Code: 33440
Legal Desc: BEG 1460 FT S + 460 FT
Geo Lat: 26.734946
Geo Lon: -80.946684
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2025-11-05
Building Info
# of Offices: 1
Seating Capacity: 5
# of Tenants: 125
Unit 1
Unit Desc: 1 Bedroom
# of Units: 12
Full Baths: 1
Ann Rent: 11.53
Rent Period: Month
Unit 2
Unit Desc: 2 Bedroom
# of Units: 51
Full Baths: 1
Ann Rent: 13.26
Rent Period: Month
Unit 3
Unit Desc: 3 Bedroom
# of Units: 51
Full Baths: 1
Ann Rent: 15.43
Rent Period: Month
Unit 4
Unit Desc: 4 Bedroom
# of Units: 12
Ann Rent: 16308
Rent Period: Month
Property Features
Use: Income
Type of Building: Free Standing; Resident. Multi-Fam.; Other
Construction: CBS
Location: Agricultural Res; Subdivision
Sale Includes: Building and Land
Avail Docs: None
Avail Info: Full Financials
Miscellaneous 1: Landscaped
Miscellaneous 2: Manager on Premises; Meeting Room; Office
Flooring: Vinyl Floor
Cooling: Central
Heating: Central
Fire Protect: Smoke Detector
Tenant Pays: Cable; Electric; Insurance; Water
Utilities: Cable; Electric; Public Water
Waterfront Details: None
Security: Security Patrol; TV Camera
Roof: Other
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing; Funding
Showing Instructions: Text Listing Agent
Contingencies: None
Additional Pictures Listing Office: EXP Realty LLC
Last Updated: November - 06 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Sunday 21st of December 2025 04:33 PM
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