39
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$1,120,000
Est. payment /mo
17 Beds
8 Baths
7,763 SqFt
New
25311 Observation San Antonio, TX 78227
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Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 7,763 sqft
Price per Sqft $144
Subdivision Lackland Terrace
MLS Listing ID 1865442
Style One Story
Bedrooms 17
Full Baths 8
Year Built 1944
Annual Tax Amount $11,907
Lot Size 9,713 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Rare opportunity to acquire a fully renovated 9-unit portfolio-comprised of a duplex, triplex, and quadplex-located at 2523, 2527, and 2531 Observation Dr, just minutes from Lackland AFB, SeaWorld, and major employers. All three properties were taken down to the studs and fully rebuilt in 2023 with new foundations, roofs, PEX plumbing, electrical systems, windows, doors, drywall, and modern finishes. Six of nine units are currently occupied, offering immediate cash flow with upside through full lease-up and rent increases. The duplex at 2523 Observation is separately metered; the triplex and quadplex are master-metered. Zoned R-6 and located in a high-demand rental area, this low-maintenance portfolio is ideal for investors seeking strong returns and long-term appreciation.
Location
State TX
County Bexar
Area 0700
Zoning R-6
Interior
Heating Central
Cooling Unit Central
Flooring Laminate
Exterior
Exterior Feature Siding
Garage Spaces 16.0
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, Cash, Investors OK
Listing Terms Conventional, Cash, Investors OK
Listed by Dominique Jimenez • Real Broker, LLC • (210) 800-5525