2531 OBSERVATION, SAN ANTONIO, TX 78227
Homes for sale in San Antonio.
Homes for sale in 78227.
2531 Observation
San Antonio, TX 78227
List Price$480,000
Listing #1862272
4
Number of Units
Multi-Unit Residential
Type
About This Property
Positive cash flow! 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.
Listing Courtesy of Dominique Jimenez, Real Broker, LLC (210) 800-5525
Property Features
Location Information
County
Bexar
Subdivision
LACKLAND TERRACE
MLS Area
0700
Interior Features
Heating
Window Unit
Unit 2 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Heating Fuel
Electric
Unit 3 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Cooling
Window/Wall
Unit 4 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Floors
Laminate
Total Number of Units
4
Unit 1 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Exterior Features
Exterior
Covered Patio, Level
Water / Sewer
City
Siding
Siding
Lot Size
0.223
Builder
Unknown
Zoning
R-6
Roof
Composition
School
School District
Northside
Jr. High School
Jones
Elementary School
Westwood Terrace
High School
John Jay
Additional Information
Property Type
RI
Status
Active
Year Built
1944
None
Gross Annual Income
33,000
Similar Listings
Mortgage Calculator
$2,241
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,729
Monthly Tax
$400
Monthly Insurance
$112
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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