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700 Harlem Tenants Circle, Clewiston, FL 33440

$10,000,000

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https://www.propertypanorama.com/700-Harlem-Tenants-Circle-Clewiston-FL-33440/unbranded

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

700 Harlem Tenants Circle, Clewiston, FL 33440- MLS# RX-11127667

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