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.
The Landmarc V, a 9 unit apartment building available in vibrant downtown Des Moines. The building’s location offers a foothold in the downtown core of growing Des Moines...
Listing courtesy of Windermere Gig Harbor.
Amazing opportunity for redevelopment of this highly sought after North Seattle lot. Situated near the heart of Greenwood--Close to major commuting & bus routes, local pa...
Listing courtesy of Compass Washington/Seattle.
Originally constructed in 1986 and renovated in 2008, 3017 Sixtieth is a 7-unit property located 1.5 blocks from Alki Beach and features 6 large one-bedroom units averagi...
Listing courtesy of CBRE INC.
Be sure to see this completely charming 1930's Duplex in the heart of Phinney Ridge. Coved ceilings and hardwood floors accentuate the darling features of this sunny plac...
Listing courtesy of Windermere RE Greenwood.
Great established income-generating Triplex in an unbeatable, residential location in the heart of Wallingford. Highly desirable. Walking distance to shops/restaurants. A...
Listing courtesy of George W Johnson Realty.