How do you detirmine the class of a Property

[Albert Gallucci]

I am looking at a 4-family property that the selerl says is in a class B area. how can I confirm that?

where can I find the parameters of classes of properties?

thanks in advance for reading and or responding.

[Jaron Walling]

You need boots on the ground (you?) to determine neighborhood classes. A lot of the popular markets have maps created showing class but I'd take caution using them. Some of them are outdated and don't reflect current trends. A handful of quality flips, BRRRR's, or new construction can transform a neighborhood quickly. No map is going to keep up.

It's not a black and white thing. There's always grey zones of A/B, B/C, or D/war zone like neighborhoods. Generally speaking when you find more owner occupied properties and less rentals you're in C+/B class. A class is 90-100% owner occupied properties. Price to rent ratio rarely works in A class areas unless you go STR.

If it's a true B class expect to pay for it. Small multi-family is hot right now due to house-hacking (low barrier of entry), and future cash-flow.