Price: $1,950,000
Lot Size Acres: 1.09
Lot Size SqFt: 47,523
Status: Active
Property Type: Apartments
Year Built: 1945
Days on Website: 14
Courtesy of Real Broker, LLC, Dominique Jimenez (855) 450-0442
Property Description
This fully vacant, turnkey 17-unit property with a dedicated laundry facility has just completed a full down-to-the-studs renovation in 2025. Upgrades include a brand-new foundation, roof, plumbing, electrical, and drywall-offering investors a modern, low-maintenance asset ready for immediate lease-up. Located minutes from Lackland Air Force Base and SeaWorld, the property sits in a high-demand rental corridor with strong tenant drivers. With no deferred maintenance and all major systems replaced, this is an ideal buy-and-hold or value-add opportunity with significant cash flow and appreciation potential.
Open House
Property Details and Features
- Listing
- Listing date: 2025-06-04 05:00:00
- 13 days on market
- 13 cumulative days on market
- $147 per square foot
- Location
- County: Bexar
- Area: 0700
- Building
- Built in 1945
- Approximate age: 80
- Building/center name: 2706 OBSERVATION
- Wood
- 13,295 square feet
- 1 story
- 5 buildings
- Roof
- Composition
- Interior Features
- Ceiling height: 10
- Lot
- Lot size: 1.091
- Property
- Zoning: R-6
- Schools
- School district: Northside
- Miscellaneous
- Monthly lease: $0
- None
- None
- No
- None
- 17 rentals
- 18 parking spaces
- 18 units
- Other tax: 4893.99
- Taxes
- Total tax: $23,976
- City tax: $5,670
- County tax: $2,893
- $10,520 school tax
- Property Tax ID: 155130030050
- Utilities
- Electricity
- Gas
- Water
Property Map
$1,950,000 – 2706 Observation, San Antonio, TX 78227
