Multifamily Housing
Residential structure designed to house more than one family. Smaller multifamily housing units include duplexes, triplexes, and quadriplexes. Larger multifamily housing is normally termed an apartment house. Multifamily housing can be tenant owned individually or as a condominium or cooperative or it can be rented. Multifamily housing structures of 2 to 4 units grew the most slowly during the 1980"s, increasing only 1%. Units in larger buildings of 5 or more units, increased 16%.
Popular Real Estate Terms
The definition for the gross living area published by the Appraisal Institute’s Dictionary of Real Estate 4th Edition is: “The total area of finished, above-grade residential ...
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Real annual return on a real estate investment. It equates the initial investment with the present value of future net cash inflows from the investment. The IRR can be determined by using a ...
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
Money earned or accrued during an accounting period that results in the increase in total assets. Items such as rental income. Revenues arising from the sales of real estate. The ...
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Millennials – also known as Generation Y, because they come after the so-called Generation X - is a term coined for a generational extract of people born at the end of the first ...
House made using standardized components that are preassembled on an assembly line in a factory rather than being built from "scratch" on a site. Normally, the prefabricate house is trucked ...
Glass containing wire support to make it stronger. There is less chance of glass being broken into pieces and hurting people. ...
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