Multi-family residences in Westchester County come in all styles and sizes – allowing for endless possibilities and investment opportunities.
If you’re looking to purchase a multi-family dwelling, you can narrow your search by considering the following:
- The location of the property
- Your finances (How much can you afford?)
- Accessibility (How will your tenants handle the commute?)
- Services and amenities (Are there parks or medical facilities nearby?)
- Educational options(What school districts service your area?)
The answers to these questions are crucial because owning a multi-family home means committing to your role as landlord or landlady.
Multi-Family Homes – Westchester County, NY Real Estate
The data relating to real estate for sale comes in part from HGMLS. Real estate listings held by brokerage firms other than GioHomes Real Estate, LLC. are marked with the HGMLS logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or by the Hudson Gateway Association of REALTORS®, Inc. (HGAR) or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.
Information Believed Accurate But Not Warranted. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
Unlike single-family residences where you only have to deal with a lone tenant, multi-family homes require you to manage two or more tenants – along with any issues that arise from this arrangement.
The payoff can be satisfying, however, if you have more doors to rent out, choose your tenants well, and commit to your role as landlord.
But you can eschew the role of manager altogether and become a passive owner by getting someone to manage your multi-family residence professionally.
Multi-family homes are popular both as an investment and as a housing option for those who are starting out in real estate.
Here are the other perks that come with multi-family homes.
- If you’re a homeowner, you’ll find that multi-family residences are considerably easier to manage than multiple single-family homes in separate locations. No need for you (or your property manager) to drive around town to check on your investments.
- Multi-family homes with four units or less don’t require special financing.
- The demand is high for this type of real estate, especially with more people choosing to move into apartments.
- You can spread the cost of maintaining multi-family dwellings over multiple units. This way, you don’t have to spend more for upkeep and repairs.
To know more about multi-family residential properties, contact us at 914-946-1067 or email@example.com. We look forward to hearing from you!