Tbd E Reno Rd, Reno, TX 76020
- $775,000
- 10
- BD
- 11
- BA
- List Price
- $775,000
- Status
- ACTIVE
- Price Change
- ▼ $14,900 1779784906
- MLS#
- 21113573
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 1983
- Bedrooms
- 10
- Bathrooms
- 11
- Full Baths
- 8
- Half Baths
- 3
- Lot Size
- 46,217
- Acres
- 1.06
- Subdivision
- R & R Little Estates
- Building Name
- R & R Little Estates
Property Description
Fully renovated 4-unit rental portfolio in Reno, TX, consisting of one duplex and two single-family homes across three buildings on approximately 1.06 acres. The property has been extensively improved over the past two years, including water and septic lines, appliances, flooring, paint, fixtures, fencing, kitchens, baths, and other major components. There are no known deferred-maintenance items, making this a true turnkey investment. All four units are currently occupied, producing $81,540 in gross scheduled annual rent. Current NOI is approximately $66,577, equating to an 8.59% in-place cap rate at the $775,000 asking price. Tenant turnover has historically been very low, and lease expirations are staggered through 2027 and 2028, helping reduce concentrated vacancy risk. Each unit features individual water and electric metering, a private fenced yard, dedicated parking, two covered carport spaces, and exterior storage. Located inside the City of Reno and within Springtown ISD, the property offers a quiet residential setting with quick access to Azle, FM 730, Hwy 199, and the broader DFW market. An adjoining commercial-income property may also be available separately. It includes approximately one acre, a hard-corner location, three-phase power, utilities, covered work areas, and an approximately 6,600 SF shop being divided into multiple leasable spaces, creating additional income and business-use potential.
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Additional Information
- Interior Features
- Decorative Designer Lighting Fixtures, Eat-In Kitchen, Granite Counters, High Speed Internet, Open Floor Plan
- Exterior Features
- Dog Run, Lighting, Rain Gutters, Storage
- Flooring
- Carpet, Vinyl
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric
- Exterior Features
- Dog Run, Lighting, Rain Gutters, Storage
- Stories
- 2
- Levels
- Two
- Roof
- Composition, Metal
- Foundation
- Slab
- Parking Features
- Covered, Carport, Driveway, Gravel
- School District
- Springtown Isd
- Elementary School
- Reno
- Middle School
- Springtown
- High School
- Springtown
Mortgage Calculator
Listing courtesy of Mark Costello from The Costello Group, LLC. Contact: (817) 662-2716
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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