Multifamily
A property with two or more residential units. Duplexes, triplexes, fourplexes, and apartment buildings. Multifamily properties generate more income per property than single-family rentals and spread vacancy risk across multiple units. One vacant unit in a fourplex still has 75% occupancy. One vacant single-family rental has 0%. Memphis has a strong multifamily market, especially in the 2-4 unit range.
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