Guidelines To Help Determine Property Grade - A, B, C, or D

[Ben Hughes]

Is there a definition somewhere to help one determine whether a apartment complex is an a, b, c, or d grade property?

[Jon Holdman]

There are no strict definitions of these terms. They're just rough grade people use to give an idea of what a property is like.

A: Newly built properties in the nicest areas.
B: Slightly older property, but still nice. Might be not quite as nice of an area.
C: Older properties. Likely really could use some work. Not the best areas. For investors, these are really the bread and butter for rentals.
D: Run down properties in bad areas.

The area and the property can be described separately. Its possible to have a run down property in a great area. Harder to have a great property in a bad area, though.