TX > San Antonio > Lackland Terrace
San Antonio, TX 78227,2531 Observation
San Antonio, TX 78227,2531 Observation
San Antonio, TX 78227,2531 Observation
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
10
May
Sun
11
May
Mon
12
May
Les Mauck

Les Mauck

+1(210) 872-0579
$480,000
Est. payment /mo
8 Beds
4 Baths
3,000 SqFt
Save

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

Read Less Info
Listed by Dominique Jimenez • Real Broker, LLC • (210) 800-5525

Tour this home

2531 Observation

agent-avatar

Driven by his passion for real estate, Les has made a name for himself as an agent in the greater San Antonio area. This rewarding journey into real estate has afforded Les the opportunity to work with amazing buyers, sellers and investors in the community.

 

Thanks to his prior service, Les understands the needs of today’s military buyers and sellers, especially when it comes to relocation. Whether you are PCSing, moving, exiting/separating from the military or in the market for a second home, Les’ life experience and real estate prowess are designed with you in mind.

 

In addition to being a consummate real estate professional, Les is a proud husband, father, and grandfather who takes pride in helping clients find the homes they want.

+1(210) 872-0579

lesmauck@gmail.com

Let's talk.

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Les Mauck, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
QUICK SEARCH
More