Clearview Apartments in Fall River trades hands for $3.4 million

The 49-unit Clearview Apartments at 4000 North Main St. sold this summer for $3,420,000, nearly $1 million more than the last sale five years ago, according to city assessors.

The North End property consists of two three-level buildings of mostly two bedrooms and one bath, with air conditioning and patios or balconies overlooking the Taunton River.

The property was built in 1989 on 1 acres.

Tag Fall River Real Estate III LLC in Boston, a division of Waldorf Capital Management in Providence, took ownership on Aug. 31 from Clearwater Investments LLC, assessors said.

NAI Hunneman, the Boston firm representing the city for development of the new bio park, represented Clearwater, according to Banker & Tradesman.

The last sale to Clearwater Investments on Dec. 31, 2007 was for $2.5 million, following sales in 1999 for $1.89 million and in 1996 for $1.35 million, city records show.

The $3.42 million sale price would average roughly $70,000 per unit.

The property is assessed for $2.8 million, nearly $2 million for the buildings and the remainder for the land in an area of many apartment buildings and condominiums.

See the original post:
Clearview Apartments in Fall River trades hands for $3.4 million