TX > San Antonio > Lackland Terrace
San Antonio, TX 78227,2531 Observation
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San Antonio, TX 78227,2531 Observation
San Antonio, TX 78227,2531 Observation
San Antonio, TX 78227,2531 Observation
San Antonio, TX 78227,2531 Observation
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Kelsey Arizola

Kelsey Arizola

+1(210) 685-6329
$ 480,000
Est. payment /mo
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2531 Observation San Antonio, TX 78227

8 Beds

4 Baths

3,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $160

Subdivision Lackland Terrace

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

Property Sub-Type Multi-Family (2-8 Units)

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
agent

Kelsey Arizola

Agent

+1(210) 685-6329

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2531 Observation