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What is multifamily property?

MRI Software

Semi-detached house A semi-detached house is a single-family home that shares a common wall with another single-family home. Condo A condominium, known as a condo, is a private residence within a larger complex or building where each unit is individually owned. appeared first on MRI Software.

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Understanding the difference between a condo and a multifamily residence

MRI Software

A condo, or condominium, is a privately owned unit within a larger multi-unit building. Condos are typically financed like single-family homes, with similar down payments and mortgage terms. By understanding the pros and cons of each property type, youll feel confident making a decision that aligns with your goals.

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How to get land zoned for multifamily

MRI Software

These properties can take various forms, including apartment complexes, duplexes, townhouses, or condominiums, offering a range of housing options for different demographics. Investing in multifamily properties can generate higher cash flow compared to single-family homes and often results in greater long-term appreciation.

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Multifamily condo conversion: Is it the right move for your property?

MRI Software

Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment. A multifamily condo conversion involves transforming a rental property with multiple units, like an apartment building, into individually owned condominiums.

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