$480,000

2531 Observation, San Antonio, TX 78227

  • 3,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1944
  • Property Lot Size Icon9,714sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $160/sqft
  • Property List Date Icon 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

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

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

Westwood Terrace Elementary School

2315 Hackamore Ln, San Antonio, TX, 78227

Grades PK-5

0.52 miles away

A

Anson Jones Middle School

1256 Pinn Rd, San Antonio, TX, 78227

Grades 6-8

1.91 miles away

J

John Jay High School

7611 Marbach Rd, San Antonio, TX, 78227

Grades 9-12

1.07 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.

Similar Listings Nearby