San Antonio, TX 78227 2311 Pinn Rd
$3,250,000
5 more
Presented By: Tallyn Guerra with Copernicus Realty; (210) 521-7900
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Home Details
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. 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.
Presented By: Tallyn Guerra with Copernicus Realty; (210) 521-7900
Interior Features for 2311 Pinn Rd
Other Interior Features
Apartment SQFT27720
Gas and Electric42900.45
General for 2311 Pinn Rd
Area0700
Available w/ LeaseNo
Building/Center NameCASABLANCA APARTMENTS
Ceiling Height8
ClassCommercial Improved Prop
ConstructionWood, Stucco
CoolingWindow
HeatingWindow Unit
Legal DescriptionNCB 15596 BLK 053 LOT P-78 & P-78C
Monthly Lease42000
Number of Buildings2
Number of Units60
Potential Short SaleNo
Proposed TermsSale Only, Cash, Conventional, Assumable/Note Rate
RestrictionsNone
RoofComposition
School DistrictNorthside
StatusActive
Taxes$55,722
TypeApartments
UtilitiesElectricity, Gas, Water, Telephone, Sewer
Year Built1976
ZoningR6
Exterior for 2311 Pinn Rd
# of Drive-In Doors30
Flood PlanNone
RAIL SERVICENo
Total Parking80
Waste Removal6007.44
Water/Sewer15186.67
Additional Details
Price History
