Active

2311 Pinn Rd

San Antonio TX, 78227

$3,550,000


Active

Commercial

Built in 1976

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

1748466

MLS ID

April 22, 2024

Updated

Map

2311 Pinn Rd
San Antonio TX, 78227

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

No

Exterior/Building Features

Roof

Composition

School Information

School District

Northside

Other Property Details

Area Name

0700


Taxes

$55,722


Tax Frequency

Annually


Days on Market

81


Garage

No


Parking Total

80


View

No


County

Bexar


Pool

No


Zoning

R6


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/12/2024

Price Change

$3,550,000

-6%

Courtesy of Tallyn Guerra, Copernicus Realty

Listing Contact: (210) 521-7900

Source:  ©2024 San Antonio Board of Realtors 

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. All rights reserved.

Data last updated 9:07 AM UTC, 4/22/2024

Powered byLuxury Presence