Multi-Family
Real Growth For Business, Personal or Enterprise
For investors who are transitioning from residential to commercial real estate investing, multifamily properties offer an easier path than other investments since the tenant base is familiar.
Multiple tenants within a single property create multiple income streams, which mitigates the overall financial risk of the investment. If one tenant moves out of an apartment complex, your bottom line won’t notice a big hit since you have multiple tenants paying rent also.
Multifamily assets include everything from duplexes with two tenants to apartment buildings housing hundreds.
Plexes are commonly considered multifamily since they have multiple units in one property, but they provide tenants with a more residential feel. Each unit usually has its entrance and is similar in size.
These “plexes” are very commonplace in most US markets and may have been originally constructed for multi-tenants or were renovated to accommodate additional tenants.
Garden apartments are a lot of fun. They typically consist of 3-4 story walk-ups with anywhere from 50-200+ units. These types of multi-family properties are often found in the suburbs where they are usually spread out and offer surface parking.
Units in a garden-style apartments often consist of studio, one-, two-, and three-bedroom apartments and may or may not have patio space and private balconies.
Usually, there are a collection of these apartment buildings on a single property, which typically share common amenities such as pools, clubhouses, fitness centers, and more.
Mid-rise apartments usually consist of 4 to 10+ stories and house anywhere from 40 to 100+ units. These properties are often found in the urban center of a given city where the population density accommodates elevator service and garage-style parking.
These complexes tend to be newer or recently renovated, due to the current demand for urban living. Which provides tenants the benefits of modern amenities like recording studios, libraries, and dog washing stations.
Walkability to the conveniences of city life often drives demand for mid-rise apartments.
High-rise apartments are typically 12+ stories and usually house 100+ units. These buildings are often found in the urban center of larger markets, in and around the heart of the Central Business District.
Like mid-rise apartments, these projects are heavily amenity driven with elevator service, garage-style parking, and can even offer restaurants and cafes on the ground floor.
Walkability, again like Mid-rise apartments, also drives up demand for these types of properties.
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