Region Commercial is pleased to exclusively offer the Elm Circle Apartments, a 24-unit multifamily investment opportunity located at 3–13 Elm Circle (Property ID: 168 91) and 6–16 Elm Circle (Property ID: 168 98) in Deerfield, Massachusetts.
The offering consists of two parcels totaling approximately 3.76 acres and includes 12 affordable duplex-style buildings containing approximately 21,976 square feet of gross living area. The properties feature a desirable unit mix of 20x two bedroom units and 4x three bedroom units, including one handicap accessible unit.
The duplexes are operated under the USDA Section 521 Rural Rental Assistance Program as authorized by the Housing Act of 1949 and being sold as such. Under the terms of this agreement all of the units are rented to tenants whose rent cannot exceed 30% of their annual income. The properties operate under this program until expiration on June 22, 2031. Please see our Additional Information page for further details and information.
The Elm Circle Apartments are situated in South Deerfield with convenient access to downtown, and I-91, and is directly across from the Yankee Candle flagship store. The properties serve tenants commuting to nearby towns such as Deerfield, Greenfield, Northampton, and the greater Pioneer Valley.