2523 SCHUBERT DR The Pasadena Heights Portfolio presents a rare opportunity to acquire a stabilized multifamily investment with significant development upside in one of San Antonio's growing urban infill submarkets. Spanning approximately 3.26 acres, the portfolio combines immediate cash flow from existing multifamily improvements with substantial future development potential, creating a compelling opportunity for investors, developers, and builders alike. The income-producing portion of the portfolio consists of 10 multifamily units totaling approximately 13, 252 square feet of rentable living area. The improvements include an eight-unit townhome building featuring highly desirable four-bedroom, two-bathroom floor plans, along with a duplex offering three-bedroom, two-bathroom units. Well-maintained interiors, functional layouts, private parking, and outdoor space position the property competitively within the San Antonio rental market and support strong tenant demand. In addition to the stabilized multifamily assets, the offer includes two contiguous vacant parcels totaling approximately 100, 119 square feet. Zoned R-6, these parcels provide investors with a unique opportunity to pursue future residential development, expand the existing rental community, or execute a phased value-add strategy designed to maximize long-term returns. Strategically located in the Pasadena Heights neighborhood, the portfolio benefits from excellent connectivity throughout the San Antonio metro area. Situated just over one mile from Interstate 10 and minutes from Downtown San Antonio, the property offers convenient access to major employment centers, retail destinations, educational institutions, and transportation corridors. The surrounding area continues to experience investment and redevelopment activity, supporting both rental demand and long-term appreciation. By combining stabilized In-place income with meaningful development potential, the Pasadena Heights Portfolio offers investors the opportunity to generate immediate cash flow while unlocking additional value through future expansion and development within a high-demand urban infill market.