TX > San Antonio
San Antonio, TX 78227,2311 Pinn Rd
San Antonio, TX 78227,2311 Pinn Rd
San Antonio, TX 78227,2311 Pinn Rd
San Antonio, TX 78227,2311 Pinn Rd
San Antonio, TX 78227,2311 Pinn Rd
San Antonio, TX 78227,2311 Pinn Rd
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Candice Clark

Candice Clark

+1(210) 796-7906
$ 2,895,000
Est. payment | /mo
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$ 2,895,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 1748466

Construction Status Wood,Stucco

Year Built 1976

Annual Tax Amount $55,722

Property Sub-Type Commercial Improved Prop

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 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.

Location

State TX

County Bexar

Area 0700

Zoning R6

Interior

Heating Window Unit

Cooling Window

Exterior

Garage Spaces 80.0

Utilities Available Electricity, Gas, Water, Telephone, Sewer

Roof Type Composition

Building

Construction Status Wood,Stucco

Schools

School District Northside

Others

Acceptable Financing Sale Only, Cash, Conventional, Assumable/Note Rate

Listing Terms Sale Only, Cash, Conventional, Assumable/Note Rate

Listed by Tallyn Guerra • Copernicus Realty • (210) 521-7900
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(210) 796-7906

candice@elevatesanantonio.com

423 Highland Hl, Antonio, Texas, 78260, United States

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2311 Pinn Rd