![]() ![]() They are usually located in low- to middle-income areas and rents are below those of Class B properties. Class C properties are generally in need of renovation and have dated amenities. Class C: Typically more than 30 years old and located in economically depressed locations.Class B properties are often seen as “value-add” properties that can be upgraded to Class B+ or sometimes Class A with renovations, updated amenities and improvements. These older properties may have some deferred maintenance issues but are mostly well-maintained. They tend to have lower-income tenants and lower rents than Class A buildings and are not always professionally managed. Class B: One step down from Class A properties and are generally older.Class A properties are typically professionally managed and have little to no deferred maintenance issues. They’re typically found in central business districts (CBDs) or sometimes in Class B areas. Class A properties command the highest rent and the highest price per square foot. ![]() They’re usually built within the past 10 years, have the newest and latest amenities, and high-income earning tenants. Class A: The highest quality buildings in their market and area.Classifications grade a property based on a combination of geographical and physical characteristics, which help determine the level of risk or the possible amount of return associated with acquiring the property. When considering a multifamily property, you want to determine its quality which is based on a classification. 7 Key Metrics for Building A Profitable Multifamily Portfolio of Properties 1. You have to determine whether or not an investment will yield the profits you want. Well, investing is more than just handing over the cash and becoming a property owner with passive income. ![]() So you want to be a successful real estate investor and build a multifamily portfolio of properties. ![]()
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