Property Evaluation

San Antonio, TX 78227 2523 Observation

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Presented By: Dominique Jimenez with Real Broker, LLC; (210) 800-5525
  • MLS# 1862242
  • 04/29/2025
  • Request Tour
  • Request Info
  • Baths • 1
  • SQFT • 2,798

Home Details

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.
Presented By: Dominique Jimenez with Real Broker, LLC; (210) 800-5525

Interior Features for 2523 Observation

Bathrooms

U1 Half Baths0
U2 Full Baths1
U2 Half Baths

Other Interior Features

FlooringLaminate
Heating FuelElectric

General for 2523 Observation

Annual Operating Expense3399.35
Area0700
BuilderUnknown
ClassMulti-Family (2-8 Units)
CoolingWindow/Wall
Elementary SchoolWestwood Terrace
HOA MandatoryNone
HeatingWindow Unit
High SchoolJohn Jay
Legal DescriptionNcb 15507 Blk 9 Lot S 1/2 Of 6
Middle SchoolJones
Proposed TermsConventional, Cash, Investors OK
School DistrictNorthside
StatusActive
SubdivisionLACKLAND TERRACE
Taxes$3,399
TypeOne Story
U1 #Parking Spaces2
U1 Bdrm3
U1 Fulls Baths1
U1 Handicap AccessNo
U1 Park TypePad
U1 Rent1300
U2 #Parking Spaces2
U2 Bdrm3
U2 Handicap AccessNo
U2 Park TypePad
U2 Rent1300
Year Built1943
ZoningR-6

Exterior for 2523 Observation

ExteriorSiding
Exterior FeaturesCovered Patio, Level
Lot Size0.225
METERSSeparate Electric, Separate Gas, Separate Water
RoofingComposition
Water/SewerCity

Additional Details

Price History

Schools

Middle School Jones Middle School
Elementary School Westwood Terrace Elementary School
High School John Jay High School

Traci Frasier

Broker Associate | Director of Luxury and Residential Sales
Price $280,000
MLS#1862242
List Date 04/29/2025
Property Type Multi-Family
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Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
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Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
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