
Buying Florida
Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.
Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week.
Didier Malagies nmls#212566/DDA Mortgage nmls#324329
Buying Florida
Mixed Use and Multi Family
Key Characteristics of a Mixed-Use Property:
Feature Description
Use Types Typically includes residential, commercial, retail, office, and sometimes hospitality or industrial components.
Zoning Must be zoned for mixed-use by the local municipality.
Layout Different uses are separated vertically (e.g., retail on bottom, housing on top) or horizontally (different sections of the development).
Ownership Can be owned by an individual, company, REIT, or government entity; may be leased or sold as separate units.
Financing Considered commercial real estate; underwriting depends on the income mix and proportions of use types.
π’ Common Mixed-Use Examples:
Urban Buildings: Apartments above restaurants or retail stores (like Starbucks or a dry cleaner).
Suburban Developments: Townhome communities built around a retail plaza or office park.
Live/Work Units: Ground-floor office or retail space with a residence above, often used by entrepreneurs.
Transit-Oriented Developments: Mixed-use buildings near train stations or bus hubs.
π Benefits of Mixed-Use Properties:
Diversified Income Streams (residential + commercial)
Increased Foot Traffic for businesses
Live-Work-Play Environment appeals to urban dwellers
Higher Land Use Efficiency and potentially better returns
Encouraged by city planning to reduce sprawl and support sustainability
A mixed-use property is a type of real estate development that combines two or more different uses within a single building or development. The most common combination is residential and commercial β for example, apartments or condos above ground-floor retail or office space.
π Key Characteristics of a Mixed-Use Property:
Feature Description
Use Types Typically includes residential, commercial, retail, office, and sometimes hospitality or industrial components.
Zoning Must be zoned for mixed-use by the local municipality.
Layout Different uses are separated vertically (e.g., retail on bottom, housing on top) or horizontally (different sections of the development).
Ownership Can be owned by an individual, company, REIT, or government entity; may be leased or sold as separate units.
Financing Considered commercial real estate; underwriting depends on the income mix and proportions of use types.
π’ Common Mixed-Use Examples:
Urban Buildings: Apartments above restaurants or retail stores (like Starbucks or a dry cleaner).
Suburban Developments: Townhome communities built around a retail plaza or office park.
Live/Work Units: Ground-floor office or retail space with a residence above, often used by entrepreneurs.
Transit-Oriented Developments: Mixed-use buildings near train stations or bus hubs.
π Benefits of Mixed-Use Properties:
Diversified Income Streams (residential + commercial)
Increased Foot Traffic for businesses
Live-Work-Play Environment appeals to urban dwellers
Higher Land Use Efficiency and potentially better returns
Encouraged by city planning to reduce sprawl and support sustainability
4. Private or Bridge Loans
Short-term, higher interest
Used for rehabs, quick purchases, or properties that donβt qualify for traditional financing
π Why Investors Like 5β10 Unit Multifamily:
Easier to manage than large apartment complexes
More scalable than single-family rentals
Still eligible for economies of scale (one roof, one lawn, multiple rents)
Can often house hack (live in one unit, rent the others)
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didier malagies nmls#212566
dda mortgage nmls#324329