AFFORDABLE OVERVIEW:
100% Project-Based Section 8 HAP Contract renewed under HUD Mark-to-Market.
Tax advantage: Land donated, ad valorem tax exempt; property only pays ˜$22K non-ad valorem assessments (fire, drainage, recreation).
Reserves: Replacement reserve funded; prior HUD finding resolved April 2025
PROPERTY DESCRIPTION
Discover a premier investment opportunity in Clewiston, FL. 126-unit, 112,572-SF community with HAP contracts in place, delivering stable subsidized income and 99% occupancy. Balanced mix of 1- to 4-bedroom units (avg. 893 SF) with market rents averaging $1,189/month, positioned below the influx of Class A product. Ideal affordable housing investment or value-add reposition with upside through interior renovations and operational efficiencies creating a rare chance to capture immediate scale.