![]() ![]() 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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