Class D properties are old, run-down, and often in need of significant repairs.
They are located in declining communities that are dangerous with high crime and poor schools.
Some investors describe it as a “war zone”.
The tenants here are very low income, have bad credit, and many have a criminal background.
What is Class C property?
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.
What is Property Type?
Real estate listing have property types (or building types) fields to describe the kind of property for sale. Also, often people refer to their homes by property type when they describe them to others. For example someone might say they live in a townhouse, or a half duplex.
What are the 4 types of real estate?
Four Types of Real Estate
The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
What is a Type 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.