700 Harlem Tenants Cir - Apartments FOR SALE


Clewiston, FL 33440
$10,000,000 USD
845-803-1273
700 Harlem Tenants Cir, Clewiston, FL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/24
null | 5.3% Cap Rate

700 Harlem Tenants Cir
Clewiston, FL 33440


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

126

PRICE/UNIT

$79,365

CAP RATE

5.3%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harlem Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.12 AC

LAND SF

789,307 SF

ZONING

-

APN/PARCEL ID

1-34-43-21-A00-0002-0100

ASK ABOUT THIS PROPERTY

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845-803-1273

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845-803-1273

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