2311 Pinn Rd San Antonio, TX 78227
Other
MLS #: 1748466
Courtesy Of Copernicus Realty, LLC
Property InformationDescription
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.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Building Units: 60
- Exterior Type: Stucco
- MLSID: 1748466
- Parking Spaces: 80
- Roof Type: Composition
MAP & DIRECTIONS
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