700 Harlem Tenants Circle, Clewiston, FL 33440
$10,000,000
Property Type:
Comm/Industry
Baths:
126
Square Footage:
231,332
Status:
Active Under Contract
Current Price:
$10,000,000
Last Modified:
11/06/2025
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.
More Information MLS# RX-11127667
Contract Information
Auction: No
List Price/Bldg SqFt: 43.22
Negotiable Seller Concessions YN: Yes
Status: Active Under Contract
Original List Price: 10000000
List Price: $10,000,000
Current Price: $10,000,000
Listing Date: 2025-09-28
General Property Description
For Sale: Yes
For Lease: No
Property Desc: BEG 1460 FT S + 460
Acres: 18.1
Built Desc: Resale
Waterfront: No
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 126
% Air Conditioned: 100
Ann Assoc/Condo Dues: 0
Type: MultiFamily (5+ Units)
Year Built: 1978
SqFt - Living: 231332
Baths - Total: 126
Location, Tax & Legal
Geo Area: Other Geographic Area
Country: United States
State/Province: FL
Tax Year: 2024
Zoning: RG4
Real Estate Taxes: 0
Multiple Ofrs Acptd: Yes
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
Remarks & Misc
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.
Office/Member Info
DXORIGMLNO: RX-11127667
DXORIGMLSID: RML
Building Info
# of Offices: 1
Seating Capacity: 5
# of Tenants: 125
Location
Agricultural Res: 1
City: 1
Subdivision: 1
Type of Building
Free Standing: 1
Resident. Multi-Fam.: 1
Other: 1
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
Sale Includes
Building and Land: 1
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
Avail Info
Full Financials: 1
Photos: 1
Construction
CBS: 1
Avail Docs
None: 1
Waterfront Details
None: 1
Cooling
Central: 1
Heating
Central: 1
Tenant Pays
Cable: 1
Electric: 1
Insurance: 1
Water: 1
Miscellaneous 1
Landscaped: 1
Use
Income: 1
Miscellaneous 2
Manager on Premises: 1
Meeting Room: 1
Office: 1
Flooring
Vinyl Floor: 1
Utilities
Cable: 1
Electric: 1
Public Water: 1
Fire Protect
Smoke Detector: 1
Security
Security Patrol: 1
TV Camera: 1
Roof
Other: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
At Closing: 1
Funding: 1
Showing Instructions
Text Listing Agent: 1
Lease
None: 1
Contingencies
None: 1
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2025-11-05
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
Documents
Additional Pictures ›
Listing Office:
EXP Realty LLC
Last Updated: November - 06 - 2025
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