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Updated about 12 years ago,
Apartments or Single Family if same cap rate?
So, I've been looking at a 10 unit apartment complex and comparing it with Single Family Residence. When I did the rough numbers on the complex& the SFR, both had the same cap rates.
The apartment has 10 units, so my question to you guys is would you rather buy the apartment with 10 units or one single family if both cap rates are the same? Would you mine explaining to me why?
The Apartment is $400K, and the SFR is $100K
Thanks.