Class C properties are typically more than 20 years old and located in less than desirable locations.
These properties are generally in need of renovation, such as updating the building infrastructure to bring it up-to-date.
Some Class C properties need significant reposting to get to steady cash flows for investors.
What is a building Class C?
Class C. The lowest classification of office building and space is Class C. These are older buildings (usually more than 20 years), and are located in less desirable areas and are in need of extensive renovation.
What is a Class C neighborhood?
These locations can sometimes be pockets within Class C neighborhoods. Or in other cases, they might be an entire area of a city or town. Typically the tenants are low-income earners and/or live in subsidized housing, although those tenants could also live in Class C neighborhoods.
What is a grade C House?
C Quality Dwellings. These homes are designed and built by contractors who specialize in average quality construction. Adequate detail is given to ornamentation with the use of average grade materials and typical workmanship.
What is a Class B property?
A class B property, based on the above-mentioned features, is a property that is generally older, typically has lower income tenants, and may or may not be professionally managed.