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VIM Realty Group

$10,000,000

700 Harlem Tenants Circle, Clewiston FL 33440, Clewiston

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Overview

126 ba

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.

Amenities & features

Flooring

  • Vinyl

Building & association

  • Security Patrol

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