Multi-Family Residential Property
What are Multi-Family Residential Properties?
Multi-Family residential or multi-dwelling units (MDU), is a classification of housing where there are multiple residential units within one building or several buildings on one site or complex. This is most commonly referred to as Apartments or Apartment Living.
Why use Multi-Family Residential Properties?
Multi-Family Residential Properties can be used by you to develop on an existing block of land and then sell the units or rent the units out as a form of income. As this style of investment takes a lot of money to establish. You can also purchase a unit and then rent this for an income. Multi-Family Residential Properties are usually lower in cost to purchase and often used by first time investors.