700 Harlem Tenants Circle, Clewiston, FL 33440 (MLS# R11127667)

700 Harlem Tenants Circle, Clewiston, FL 33440

$10,000,000

Virtual Tour

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

Property Type: Commercial Sale Square Footage: 231,332 Lot Size (sq. ft.): 788,436 Status: Active

Current Price: $10,000,000 List Date: 1/17/2026 Last Modified: 3/11/2026

Overview

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.

Listing Details MLS# R11127667

General Property Information

Property Sub Type: Multi Family
Building Area Main: 231332
Building Area Source: Public Records
Year Built: 1978
Lot Size Area: 788436
Lot Size Acres: 18.1
Stories: Yes

Property Features

Building Features: Free Standing; Manager On Premises; Meeting Room(s) Business Type: Other Documents Available: Financial Statement Electric: Three Phase Flooring: Vinyl Heating: Central Location of Property: City Location; In Residential Area; Subdivision Property Condition: Resale Sale Includes: Building; Land Tenant Pays: Cable TV; Electricity; Insurance; Water Construction Materials: CBS Cooling: Central Air Listing Terms: Cash; Conventional Lot Features: Landscaped Roof: Other Security Features: Closed Circuit Camera(s); Security Patrol; Smoke Detector(s) Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; Text Listing Agent

Contract Information

Comp Sale YN: No
Listing Contract Date: 2025-09-28
Original List Price: 10000000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Hendry
County Parish Name: Hendry
Street Number: 700
Street Name: Harlem Tenants
Street Suffix: Circle
City Name: Clewiston
State Or Province: FL
Postal Code: 33440
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 1 34 43 21 A00 0002 010.0
Multiple Offers Accepted: Yes
Zoning: RG4
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.
Property Description: BEG 1460 FT S + 460

Financial Information

Tax Year: 2024
Tax Legal Description: BEG 1460 FT S + 460 FT

Remarks and Miscellaneous

Public Historical Remarks: Miscellaneous: Y

More Information

Status Change Information

Major Change Timestamp: 2026-01-17T19:40:39Z
Major Change Type: Back on Market
Status Change Date: 2026-01-17

Building and Property Details

# Of Offices: Yes
# Of Tenants: 125
# Of Toilets: 126
% Air Conditioned: 100
Maximum Ceiling Height: 10
Seating Capacity: 5

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 12
Full Baths: Yes
Annual Rent: 11.53

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 51
Full Baths: Yes
Annual Rent: 13.26

Description of Unit Type 3

Unit Type: 3 Bedroom
Units Total: 51
Full Baths: Yes
Annual Rent: 15.43

Description of Unit Type 4

Unit Type: 4 Bedroom Or More
Units Total: 12
Annual Rent: 16308

Price Calculations

Current Price To SqFt: 43.22

Originating Details

Originating System Key: 20250927012422070078000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 126

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Flooring

Vinyl: Yes

Property Condition

Resale: Yes

Documents Available

Financial Statement: Yes
Photos: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Insurance: Yes
Water: Yes

Location of Property

City Location: Yes
In Residential Area: Yes
Subdivision: Yes

Utilities

Cable Available: Yes

Building Features

Free Standing: Yes
Manager On Premises: Yes
Meeting Room(s): Yes

Business Type

Other: Yes

Heating

Central: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Landscaped: Yes

Roof

Other: Yes

Security Features

Closed Circuit Camera(s): Yes
Security Patrol: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Listing Agent Must Accompany: Yes
Text Listing Agent: Yes

Documents

Additional Pictures ›

Listing Office: EXP Realty LLC

Last Updated: March - 11 - 2026

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