Tag Fall River Real Estate III LLC, a division of Providence-based Waldorf Capital Management LLC, has purchased a 49-unit apartment complex in Fall River, Mass. for $3.42 million, the Boston Business Journal reported.

NAI Hunnema’s investment sales team  represented the seller, Clearview Investments, and procured the buyer. Tag Fall River Real Estate III LLC., the affiliate that acquired the property for Waldorf Capital, bought the property at a discount of about 30 percent from the property’s most recent sale price in 2007.

Located at 4000 North Main Street, Clearview Apartments is comprised of two three-level buildings containing 42 two-bedroom units and seven one-bedroom units. The apartments feature a balcony or ground-level patio overlooking the Tauton River.

Photo credits: rent.com