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.
231,332 Sq Ft
18.1 Private Acres Losgröße
kommerziell
Integriert 1978
MLS/Listing-ID R11127667
1 Geschichten
126 Einheiten
Association - Security Patrol
Community - Management on Site
Community - Security Patrol
Bauwesen – CBS
Lot - City Location
Lot - In Residential Area
Public Water
Kühlung – Zentrale Klimaanlage
Vinyl
GESAMTKOSTEN PRO MONAT
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