Remove Commercial Property Remove Condominium Remove Rental Unit
article thumbnail

Understanding the difference between a condo and a multifamily residence

MRI Software

By understanding the pros and cons of each property type, youll feel confident making a decision that aligns with your goals. A condo, or condominium, is a privately owned unit within a larger multi-unit building. Multifamily properties, on the other hand, offer higher income potential through multiple rental units.

Finance 52