Buying Your First Multi Family Investment Property

Homeownership made more affordable…

Among the numerous points of interest in multiple-family housing is the ability for the owner to live in one parcel of the home, while covering the home loan costs with rental wage from the other portion(s) of the home.

A multifamily home is specifically designed as a type of building that can house several different families in separate housing units. Interestingly, many multi-family homes are selling for the same asking prices as single family detached homes with similar features. Each has its own kitchen, bathroom, utilities, etc.

These type of buildings are often attractive to people who want to begin investing in real estate. Buying a multi-family property is a good move for many first-time buyers who want to purchase a home while reducing their overhead costs and securing a new source of income.

Whether you are ready to buy now or just starting to look at multifamily homes in New York as your first investment, here are some good buys in the market today:

102-06 32nd Ave, E. Elmhurst, NY 11369
$1,399,000.00

A Beautiful 3 Family House Located In The Heart Of E. Elmhurst . Great Income, Legal 3 Family House , Rental Income Approximately $72,000 Per Year. New Floor, Marble Counter Top , Heating System Can Be Upgraded, Close To Bus & Train, Shops And Highway.

102-06 32nd Ave, E. Elmhurst, NY 11369

$899,000.00

4 Bedroom, 3.5 Bathroom 2-Family Home Located In Gated Country Pointe Circle! Features Include: Cathedral Ceilings, Spacious Rooms, Master Bedroom Ensuite (1st Floor); Kitchen With Granite And Stainless Appliances. The Basement Is Full And Has A Wet Bar & Half Bath, Plus Exit To Private Fenced Yard. The Yard Is Maintenance Free With Pavers!. Both Units Have Front Loading Washers & Dryers, Plus Bamboo Wood Floors, 24 Hr. Security, Private Driveway & 1 Car Garage, And Adt Security System.

82-01 Country Pointe Cir, Bellerose Manor, NY 11427

$849,000.00

Brand New And Upgraded 2 Family House In The Heart Of Brooklyn . It Has 7 Bedrooms, 3 Full Bathrooms, Living Room And Dining Space. Lot Size Is 20×100.

1208 E 93rd St, Brooklyn, NY 11236

$699,000.00

Incredible Investment Opportunity To Own A Legal 2 Family In Very Close Proximity To Town. Full Finished Basement With Outside Separate Entrance, Detached 2 Car Garage And Over-Sized Driveway Can Accommodate Up To 10 Cars. 3 Bedrooms Over 3, Great Open Floor Plan, Updated Kitchen And Bath, Central Air. Sd#20 Lynbrook

311 Broadway, Lynbrook, NY 11563

$920,000.00

Multi-Family House In Heart Of Crown Heights Brooklyn. This Low Rise Building Is 2 Stories Tall Contains 2 Apartments. A Semi Detached Brick. New Gate In Front, New Steps, 2 Meters. Great Location And Excellent Condition. Close To Transportation.

1556 Saint Marks Ave, Brooklyn, NY 11233

A well-chosen multifamily property can be a long-term positive cash-flow investment. The process for finding a multi-family home is especially similar to the procedure used to locate a traditional, single-family unit. You should research the available properties with watchful examination to distinguish your best alternatives. It is best to work with a real estate agent or broker who has the skills and knowledge in the purchase or sale of multi-family homes so you can be certain to locate the most ideal multi-family property for your specific needs.

Find more multi-family homes

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