Multi-family investment properties are assigned property classifications A, B, C, or D. Property class is determined based on characteristics such as condition, location, tenant income levels, age, rental rates, appreciation, and amenities. Similarly, areas in which properties are located are categorized into A, B, C, and D classes. Understanding a property's class and area rating are imperative for determining the success rate of your investment goals and for communicating your needs to your real estate agent.
These comprehensive descriptions of each class will help you better understand how multi-family investment properties are standardized:
"A" Class Areas refer to newer growth areas.
"B" Class areas refer to older areas with stability.
"C" Class Areas are older, declining, or relatively stable areas.
"D" Class Areas are older, rapidly declining areas.
When searching for investment properties for sale in the Puget Sound Area, choosing a property with a class of equal to or higher rating than the area (for instance, a "C" class property in a "B" or "C" class area) will stimulate growth and appreciation potential. Familiarizing yourself with multi-family investment property and area classifications will help you to determine which properties and areas align with your investment goals.
Maple Leaf 4-Plex featuring 2620 SqFt Penthouse with sweeping Westerly views of Olympic Mountains & magnificent sunsets! RIGHT walkway to #516 Penthouse: 2620 SqFt, 3 Bed...
Listing courtesy of CENTURY 21 Real Estate Center.
Great location on this West Seattle 4-Plex with easy access to bus and freeway and minutes to hip Alaska Junction or downtown Seattle. Very little turn over in the buildi...
Listing courtesy of Keller Williams Greater Sea.
Brick and cedar mid-century duplex on great corner lot in Ballard! Thoughtfully updated throughout while maintaining period details. Each unit features hardwood floors, l...
Listing courtesy of RE/MAX Northwest Realtors.
This charming 1904 duplex offers stylish updates & sweeping views to Elliott Bay. Beautifully maintained hardwood floors flow through both units which also feature grani...
Listing courtesy of Windermere RE Mercer Island.
Large, Open concept side-by-side townhouse style duplex with 2+ brdm /1.75 bath units make this Des Moines duplex a good buy for your owner occupant buyer or investor. Va...
Listing courtesy of Coldwell Banker Danforth.
Life began as the beloved neighborhood store in the early 1900's. 3 distinctive units - (A): the original shopkeeper’s home, 2 BR, top floor w/ private balcony & easterly...
Listing courtesy of Windermere Real Estate Midtown.
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