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Updated almost 8 years ago on . Most recent reply

User Stats

23
Posts
4
Votes
Kurt Bouma
  • Investor
  • Dorr, MI
4
Votes |
23
Posts

4 Unit Considered Commercial?

Kurt Bouma
  • Investor
  • Dorr, MI
Posted

I've always been under the impression that 1-4 was considered "residential" and 5+ was "commercial." However, I am looking at a 4 unit apartment building today that is listed with Colliers (the international commercial broker) and the agent tells me that this is a commercial property.

The property isn't in an industrial or commercial area by any means, as it sits in the center of a single family home neighborhood.

Can anyone speak to that?

Most Popular Reply

User Stats

400
Posts
306
Votes
Ash Patel
  • Full time investor
  • Cincinnati, OH
306
Votes |
400
Posts
Ash Patel
  • Full time investor
  • Cincinnati, OH
Replied

Who cares what the broker states, its what the lender considers it.

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