The phrase refers to the availability of multi-unit residential properties, specifically apartment complexes, currently offered for purchase in a geographically proximate location to the individual searching. For instance, a search query utilizing this phrase aims to identify apartment buildings situated within a commutable or otherwise desired area for investment purposes.
The importance of locating such properties stems from the potential for generating consistent rental income, diversifying investment portfolios, and benefiting from long-term appreciation in real estate values. Historically, investment in multi-family dwellings has provided a stable hedge against economic fluctuations and inflation, representing a tangible asset with intrinsic worth.