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 4.50% 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.
Address
Open on Google Maps- Address 2311 Pinn Rd, San Antonio, TX 78227
- City San Antonio
- State/county TX
- Zip/Postal Code 78227
- Area 78227
- Country BEXAR
Details
Updated on February 13, 2025 at 12:30 pm- Property ID: 1748466
- Price: $2,895,000
- Year Built: 1976
- Property Type: Commercial
- Property Status: Active under contract
Additional details
- HEATING: Window Unit
- ROOF: Compressor
Features
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
Listing Agent Details
Agent Name: Tallyn Guerra
Agent Company: Copernicus Realty
