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Pinn Rd

San Antonio, TX 78227

$3,550,000

Property Description

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.

  • Type: Commercial Property
  • Year Built: 1976
  • Cooling: Window
  • Heating: Window Unit

Property Details

  • Status:Available
  • Type:Commercial Property
  • MLS #:1748466
  • Year Built:1976

Community Information

  • Address:2311 Pinn Rd San Antonio, TX 78227
  • County:Bexar
  • City:San Antonio
  • Zip Code:78227

Property Features

  • Restrictions:None
  • Utilities Available:Electricity, Gas, Water, Telephone, Sewer

    Tax and Financial Info

    • Proposed Terms:Sale Only, Cash, Conventional, Assumable/Note Rate

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      $3,550,000

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      © 2024 Lone Star Real Estate. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Lone Star Real Estate. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Information provided is deemed reliable but not guaranteed. Listing Courtesy of Tallyn Guerra with Copernicus Realty.