700 Harlem Tenants CircleClewiston, FL 33440
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$45,624Harlem 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.
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 7 months ago | Listing first seen on site |
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Last checked: 2026-04-16 07:14 PM UTC
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