2531 Observation, San Antonio, TX 78227
- 3,000 sqft
Multi-Family Home
Built in 1944
9,714sqft lot
—— car garage
$160/sqft
Listed 2 months ago
Property Description
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 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:
- 1862272
- Flooring: Laminate
- A/C: Window/Wall
- Heating: Window UnitElectric
This listing courtesy of Dominique Jimenez, Real Broker, LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Westwood Terrace Elementary School
2315 Hackamore Ln, San Antonio, TX, 78227
Grades PK-5
0.52 miles away
Anson Jones Middle School
1256 Pinn Rd, San Antonio, TX, 78227
Grades 6-8
1.91 miles away
John Jay High School
7611 Marbach Rd, San Antonio, TX, 78227
Grades 9-12
1.07 miles away