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… Read More 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. Read Less
Courtesy of Vikaash Moosai, EXP Realty LLC 888-883-8509
Listing Snapshot
Days Online
107
Last Updated
Property Type
Multi Family
Square Ft.
231,332
Lot Size
18.1 Acres
Year Built
1978
MLS Number
R11127667
Additional Details
Building
Built in 1978, Building features: "Free Standing", "Manager On Premises", "Meeting Room(s)", Construction materials: "CBS", Toal building area: 231332, 126 total units
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