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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
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Type: Commercial Property
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Year Built: 1976
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Cooling: Window
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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
$3,550,000
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