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Under contract
  • $280,000

    2523 Observation, San Antonio, TX 78227

    6beds
    2,798sqft
    : 
    Multi Family
    Built in 1943
    -- sqft lot
    $-- Zestimate®
    $100/sqft
    $-- HOA

    What's special

    Modern finishesNew windowsHigh-quality living space
    This fully renovated duplex offers a prime turnkey investment opportunity in a high-demand rental market, located near Lackland Air Force Base and SeaWorld San Antonio. The property underwent a comprehensive down-to-the-studs rehab in 2023, including a new foundation, new roof, updated PEX plumbing and drain lines, new electrical systems, and new drywall. Every unit features new windows, doors, and modern finishes, offering tenants a high-quality living space with minimal maintenance required. The duplex is currently fully occupied, providing immediate and stable cash flow. Each unit is separately metered for utilities, with tenants responsible for their own utility costs, offering an efficient, low-maintenance ownership structure. Zoned R-6, the property benefits from flexible residential zoning, ensuring long-term value appreciation. Located in a desirable rental corridor with proximity to major employers such as Lackland AFB and SeaWorld, the asset boasts strong tenant demand, ensuring consistent occupancy. With all major systems updated and a fully rehabbed structure, this property is an ideal acquisition for investors seeking reliable cash flow and long-term asset growth.
    32 days
    on Zillow
    |
    846
    |
    66
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 16, 2025 at 01:22pm

    Listed by:

    Dominique Jimenez TREC #577284 (210) 800-5525,

    Real Broker, LLC

    Source: SABOR,MLS#: 1862242MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Window Unit, Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Oven, Refrigerator, Oven/Stove
    • Laundry: Washer Hookup, Dryer Connection, Washer Connection
    Features
    • Flooring: Laminate
    Interior area
    • Total structure area: 2,798
    • Total interior livable area: 2,798 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Parking Pad, Pad
    Features
    • Levels: One
    • Patio & porch: Covered
    Lot
    • Size: 9,801 Square Feet
    • Features: Level
    Details
    • Parcel number: 155070090100
    • Zoning description: R-6

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Siding
    • Roof: Composition
    Condition
    • Year built: 1943

    Utilities & green energy

    • Electric: Separate Electric Meter(s)
    • Gas: Separate Gas Meter(s)
    • Water: Separate Water Meter(s)

    Community & HOA

    Community
    • Subdivision: Lackland Terrace
    Location
    • Region: San Antonio

    Financial & listing details

    • Price per square foot: $100/sqft
    • Tax assessed value: $148,460
    • Annual tax amount: $3,399
    • Price range: $280K - $280K
    • Date on market: 4/29/2025
    • Listing terms: Conventional,Cash,Investors OK
    • Total actual rent: 2600
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