Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
2 weeks ago | Listing updated with changes from the MLS® | |
2 weeks ago | Listing first seen on site |
Compare listings
ComparePlease enter your username or email address. You will receive a link to create a new password via email.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.