Multi-family properties are a type of residential real estate that is designed to house multiple households or families within a single building or complex. These properties are a popular investment choice and typically consist of apartment buildings, townhouses, duplexes, triplexes, and other structures that have multiple separate housing units. Multi-family properties can range in size from small duplexes with just two units to large apartment complexes with dozens or even hundreds of units. They provide housing options for a diverse range of tenants, including renters and sometimes condominium owners, in a single location. Multi-family properties offer several advantages for investors, including potential rental income from multiple units, economies of scale, and diversification of risk across multiple tenants. They are a significant segment of the real estate market, serving the needs of individuals and families looking for rental housing while also offering investment opportunities for real estate professionals and investors.
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