700 Harlem Tenants CIR Clewiston, FL 33440
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 231,332 sqft
Price per Sqft $43
MLS Listing ID R11127667
Construction Status Resale
HOA Y/N No
Year Built 1978
Tax Year 2024
Lot Size 18.100 Acres
Acres 18.1
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Hendry
Area 5940 - Other Florida County
Zoning RG4
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Exterior
Utilities Available Cable Available
Water Access Desc Public
Roof Type Other
Building
Lot Description City Lot, Landscaped, Residential Lot, Subdivision
Building Description Block, Conference Room,On Site Management
Entry Level One
Water Public
Level or Stories One
Structure Type Block
New Construction No
Construction Status Resale
Others
Tax ID 1 34 43 21 A00 0002 010.0
Security Features Closed Circuit Camera(s),Smoke Detector(s),Security Guard
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/700-Harlem-Tenants-Circle-Clewiston-FL-33440/unbranded
GET MORE INFORMATION