1. Texas
  2. San Antonio
  3. 2523 Observation
$280,000

2523 Observation, San Antonio, TX 78227

  • 2,798 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1943
  • Property Lot Size Icon9,801sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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.

Listing Status:
Active
Date Added:
April 29, 2025 at 05:00AM
Listing Office:
Real Broker, LLC : (855) 450-0442
Listing Agent:
Dominique Jimenez : (210) 800-5525
MLS ID:
1862242
  • Flooring: Laminate
  • A/C: Window/Wall
  • Heating: Window UnitElectric

This listing courtesy of Dominique Jimenez, Real Broker, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Westwood Terrace Elementary School

2315 Hackamore Ln, San Antonio, TX, 78227

Grades PK-5

0.51 miles away

A

Anson Jones Middle School

1256 Pinn Rd, San Antonio, TX, 78227

Grades 6-8

1.90 miles away

J

John Jay High School

7611 Marbach Rd, San Antonio, TX, 78227

Grades 9-12

1.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.