Class B/C Apartment Investing

[Sunil Sajjan]

Hi everyone, 

My company is looking to expand into the value-add apartment building market from ground-up development. I am trying to understand what condition class b/c are in regarding their mechanical systems. What mechanical systems do you see in these older apartment buildings? Are these replaced or repaired after purchase and with what system? In general, what repairs are done after purchasing a class b/c apartment buildings? 

Thanks for you help!