Usually, an apartment refers to a set of rooms that form a residence, in a building that contains many units of similar structure. A multifamily building is a rental apartment building in which the entire building (and all the apartments within it) are under the same ownership. Apartment buildings and multifamily properties are sometimes used as interchangeable terms. But, in fact, they are very different.
And it's not just about size. There are real differences between the two. It's a well-known fact that investing in real estate is a great way to generate wealth through asset appreciation. The challenge, of course, is to do it intelligently and intelligently to realize the ultimate goal.
So, if you're wondering what the difference is between multifamily properties and apartment buildings, you're probably exploring what the right path is.
