Listing Snapshot

List Price	$10,000,000
Beds	0
Baths	126
Living Area	0 sqft
Lot Size	18.1 acres

Year Built	1978
Property Tax	$0/yr
HOA / Condo Fee	$0
MLS #	1137110275
Status	Active
Days on Market	156

About This Home

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.

General Features

Property Type: CommercialSale
Sub-type: MultiFamily
Zoning: RG4
Security: ClosedCircuitCameras,SmokeDetectors,SecurityGuard
Utilities: CableAvailable

Interior Features

Flooring: Vinyl
Heating: Central
Cooling: CentralAir

Exterior Features

Construction: Block
Roof: Other
Lot Features: CityLot,Landscaped,ResidentialLot,Subdivision

Community Features

Association Dues: $0
MLS Area: 5940 - Other Florida County

Map

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Listed by Vikaash Moosai · EXP Realty LLC
MLS# 1137110275 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.

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