$3,250,000

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 $3,250,000
Acres 0.00
Year Built 1976
Type Commercial
Sub-Type Apartments
Status Active

Community Information

Address 2311 Pinn Rd
City San Antonio
County Bexar
State TX
Zip Code 78227

Amenities

Utilities Electricity, Gas, Water, Telephone, Sewer
Parking Spaces 80

Interior

Heating Window Unit
Cooling Window

Exterior

Roof Composition
Construction Wood, Stucco

School Information

District Northside ISD

Additional Information

Zoning R6
Short Sale No
Contact Details (210) 521-7900

Listing Details

OfficeCopernicus Realty
Office Contact(210) 521-7900

Listing Map

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