Florida Apartments, Class A, B, C, D Investments.
Class A
properties are luxury units. They are
usually less than 10 years old and are
often new, upscale apartment buildings.
Average rents are high, and they
are generally located in desirable
geographic areas.
White-collar
workers live in them and are usually
renters by choice.
Daniel L. Tedesco Email: fcbflorida@gmail.com
Class B properties can
be 10 to 25 years old.
They are
generally well maintained and have a
middle class tenant base of both white
and blue-collar workers.
Some
are renters by choice, and others by
necessity.
Contact Daniel L. Tedesco. USA
(954) 882 - 4252.
Class C properties were
built within the last 30 to 40 years. They
generally have blue-collar and low- to
moderate-income tenants, and the rents are
below market.
This is where you'll
find many tenants that are renters "for
life".
On the other hand, some of
their tenants are just starting out and are
likely to work their way up the rental scale
as they get better jobs.
Class D
properties house many Section 8
(government-subsidized) tenants. They are
generally located in lower socioeconomic
areas.
Advantages, Building or
Investing In Apartments.
The total
cost for the construction of an apartment is
much less than the cost invested in the
construction of a single house. When the cost of
a single unit in the apartment is compared to a
single house of the same dimension, the
difference in cost is very large.
The cost of land is shared by all the owners of
the apartment. But the price at
which the flats are sold is not exactly
proportional to the difference, but the real estator makes a big share of profits
because the price at which the flats are sold
are almost equal to the price of the houses in
specific areas of the city. In this way
apartment construction is an advantage to the
real estator
&
Telephone: USA 954-882-4252
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Sellers will often accept an all-cash purchase offer over a higher priced offer with conventional or FHA loan financing. That's because they know the cash offer is more likely to close. It involves fewer stumbling blocks. I can assist you if you seek Investments in the Palm Beach, Miami, Keys West, Orlando Florida areas.
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