REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 480,000
Est. payment /mo
New
2531 Observation San Antonio, TX 78227
8 Beds
4 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type One Story
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $160
MLS Listing ID 1862272
Style One Story
Bedrooms 8
Full Baths 4
Year Built 1944
Annual Tax Amount $4,902
Lot Size 9,713 Sqft
Acres 0.223
Property Sub-Type One Story
Property Description
This fully renovated quadplex presents a rare turnkey investment opportunity located near Lackland Air Force Base, SeaWorld San Antonio and many major employers, ensuring strong rental demand. The property underwent a complete down-to-the-studs renovation in 2023, featuring a new foundation, new roof, updated PEX plumbing and drain lines, all-new electrical systems, new drywall, new windows, doors, and modern finishes throughout. Every major system has been replaced, offering investors a truly low-maintenance asset for years to come. This property provides immediate in-place cash flow with significant upside potential through lease-up and rental rate optimization. Zoned R-6 with modern construction standards and minimal deferred maintenance, this property is ideal for investors seeking turnkey cash flow with long-term appreciation potential. The combination of a full renovation, prime location, and partial occupancy offers a compelling value-add opportunity for both buy-and-hold and cash flow-focused investors.
Location
State TX
County Bexar
Area 0700
Zoning R-6
Interior
Heating Central
Cooling Unit Central
Flooring Laminate
Exterior
Exterior Feature Siding
Garage Spaces 8.0
Roof Type Composition
Building
Sewer City
Water City
Schools
Elementary Schools Westwood Terrace
Middle Schools Jones
High Schools John Jay
School District Northside
Others
Acceptable Financing Conventional, FHA, VA, Cash, Investors OK
Listing Terms Conventional, FHA, VA, Cash, Investors OK
Listed by Dominique Jimenez • Real Broker, LLC • (210) 800-5525