Mutli-family, or residential income properties are found in areas of each City where the zoning has allowed this kind of development. Properties that consist of four lor less units can be financed using conventional financing, the same as is used for financing a single family home. Properties having five or more units require commercial financing, which typically involves a larger down payment and higher interest rates.
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(all data current as of 5/19/2013)
$900,000 : 71735 San Jacinto Drive #8, Rancho Mirage0 beds, 0 baths
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