The phrase indicates a real estate search focused on identifying multi-unit residential properties currently available for purchase in the immediate vicinity of the individual conducting the search. This search often signifies an interest in investment opportunities within a specific geographical area, typically driven by factors such as familiarity with the local market, proximity to existing business operations, or personal preference for a particular neighborhood.
Acquiring such properties can provide a consistent revenue stream through rental income and potential appreciation in value over time. Historically, real estate has served as a tangible asset class that can hedge against inflation and provide long-term financial security. Locating these properties nearby offers the advantage of easier management oversight and quicker response to tenant needs, potentially leading to higher tenant satisfaction and reduced vacancy rates.
