Commercial Sale · Multi Family
700 Harlem Tenants Circle, Clewiston FL 33440, CLEWISTON, FL, 33440
Active322 days on marketListed Sep 28, 2025MLS #R11127667
About this property
The property at a glance
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
Building sq ft
$43
Price / sq ft
18.1
Lot acres
1978
Year built
126
Units
RG4
Zoning
Multi Family
Property type
The numbers
Investment snapshot
$79,365
Price / unit
126
Units
Estimated payment (illustrative)
Estimated payment
$54,293/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Alek to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
21,119
Population
$58,559
Median income
38.2
Median age
2.74
Avg household
$159,900
Median home value
$898/mo
Median rent
2,667
Households w/ kids
Recent sales
What actually sold near 700 Harlem Tenants Circle
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$640,000
820 E SUGARLAND # 1, Clewiston FL 33440
Sold May 23, 2025
$5,000,000
520 W Sugarland Hwy, Clewiston FL 33440
Sold Jun 1, 2026
Your team
The pros in your corner
Your agent
Alek Cherrone
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 700 Harlem Tenants Circle — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 700 Harlem Tenants Circle.
See it in person
Schedule a tour
Live availability from Alek's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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