Pros and Cons of Owning Various Commercial Property Types - Christopher Hildebrant
Looking to invest in commercial real estate, but don't know which property type to consider? Here's a comprehensive guide on the five most common types of commercial properties. 1) Multifamily (Apartment Buildings) - Multifamily refers to apartment buildings of all sizes. Christopher Hildebrant , It is categorized into garden apartments, walk-up apartments, mid-rise apartments, high-rise apartments, and special-purpose housing. Garden apartments are low-rise apartments with typically less than 3 stories, built in a garden-like setting. Walk-up apartments are 4-6 story apartments without an elevator. Mid-rise apartments are 4-8 story apartments with an elevator. High-rise are 9+ stories with at least one elevator. Special-purpose housing is a multifamily property that targets a population segment, which includes student housing, senior housing, subsidized housing, etc. Pros of Multifamily Properties: • Easy to get into with smaller properties and slowly