$3,100,000
2311 Pinn Rd, San Antonio, TX
A 60-unit apartment complex is currently available for a 1031 Exchange. This property boasts a recently installed roof, updated windows, and improved exterior elements Each apartment has been renovated to include new countertops, ceramic tiles, LED light fixtures, and private patios. Financing is facilitated through Freddie Mac, offering an assumable loan with a fixed APR of 5.40% for 10 years (with 6-7 years remaining) and decreasing prepayment penalties over time. The property maintains consistently low vacancy rates: 3.59% in 2023, 3.10% in 2022, and 2.98% in 2021. Please note that there are separate meters for the electric. Proforma- 1 beds. $775 to $795 2 beds. $895 to $945. The market rate totals come to $44,720, divided by the total square footage of 27,720. This yields a market price of $1.66 per square foot.
Facts & Features
ListingFeed | sabor |
---|---|
MLS® # | 1748466 |
Price | $3,100,000 |
Acres | 0.00 |
Year Built | 1976 |
Type | Commercial |
Sub-Type | Apartments |
Status | Price Change |
Community Information
Address | 2311 Pinn Rd |
---|---|
City | San Antonio |
County | Bexar |
State | TX |
Zip Code | 78227 |
Amenities
Utilities | Electricity, Gas, Telephone, Sewer, Water |
---|---|
Parking Spaces | 80 |
Interior
Heating | Window Unit |
---|---|
Cooling | Window |
Exterior
Roof | Composition |
---|---|
Construction | Stucco, Wood |
School Information
District | Northside ISD |
---|
Additional Information
Zoning | R6 |
---|---|
Short Sale | No |
Contact Details | (210) 521-7900 |
Listing Details
Office | Copernicus Realty |
---|---|
Office Contact | (210) 521-7900 |