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Studio or one bedroom apartment? Still like to entertain? No problem. All you need is a slick set of folding table and chairs.
Sets today have collapsable leaves on both sides of the table, so when you flip them down, your table is only about 13 inches wide. They even usually have storage space within for folding wooden chairs that match. If you set the collapsed table against your kitchen wall, you have additional counter space - or stow the whole unit in a storage closet. Additionally, you can get them made out of quality wood with your choice of finish so you answer you needs of both form and function.