









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.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Westside Elementary School | 205 ARROYO AVE | public | 469 | PK - 5 | 0.98 mi |
| Eastside Elementary School | 201 ARROYO AVE | public | 503 | PK - 5 | 1.03 mi |
| Central Elementary School | 1000 S DEANE DUFF AVE | public | 588 | PK - 5 | 1.21 mi |
| Clewiston Christian School | 601 CARRIBEAN AVE | private | 285 | PK - 12 | 1.74 mi |
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