2311 PINN RD, SAN ANTONIO, TX 78227
Homes for sale in San Antonio.
Homes for sale in 78227.
List Price$2,895,000
2311 Pinn Rd
San Antonio, TX 78227
Listing #1748466
Commercial
Type
About This Property
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.
Seller's Representative
Copernicus Realty
Property Features
Interior Features
Heating
Window Unit
Cooling
Window
Exterior Features
Construction
Wood, Stucco
Zoning
R6
Roof
Composition
Loading Facilities
None
Utilities
Electricity, Gas, Water, Telephone, Sewer
Additional Information
Property Type
COM
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