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Residential (Group R) - places providing accommodations for overnight stay (excluding Institutional). Examples: houses, apartment buildings, hotels, and motels. Storage (Group S) - places where items are stored (unless considered High-Hazard). Examples: warehouses and parking garages. Utility and Miscellaneous (Group U) - others.
Class A or 4-star building: Rents in the top 30-40% of the local market; well-located; above-average upkeep and management; usually older than a trophy/5-star building; Class B or 3-star building: Rents between Class A and Class C; fair-to-good locations; average upkeep and management
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...
Colonial Properties Trust Acquires Class A Apartment Community in Orlando BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Colonial Properties Trust (NYS: CLP) , today announced the purchase of the 280-unit ...
People can also rent apartments, usually through real estate agents and private landlords, although some apartments are still owned by the state and are usually used for social housing. [citation needed] There's usually a mix of social classes in these housing estates. [12] [13] [14]
The average rent for all class-A apartments in Knoxville (from studio to four-bedroom) was $1,824 per month as of April 2024, according to data from the East Tennessee Realtors. That's 1.95% ...
An apartment building can be owned by one party and each of the apartments rented to tenants or each of the apartments can be owned as a condominium by separate parties. Mixed-use building – a building with space for both commercial, business, or office use, and space for residential use.
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1]