The standard you should use depends on the type of funding used to purchase the property. When you need a building assessment of a multifamily or multi-unit property, there are four major entities that provide standards for an assessment. However, nursing homes, assisted living facilities, and student housing are also considered multifamily or multi-unit properties. When people think of multifamily or multi-unit properties, they think of apartment buildings. By Patty Thornberry, Parthenon Commercial Corp
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