TBD E RENO ROAD, RENO, TX 76020

Homes for sale in Reno.

Homes for sale in 76020.


Active

List Price$789,900

TBD E Reno Road

Reno, TX 76020

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21113573

10

Bedrooms

8 full, 3 partial

Bathrooms

4,078

Square Feet

4

Number of Units

Multi-Unit Residential

Type

About This Property

Rare opportunity to own a fully renovated, bulletproof multi-unit investment property on one acre in Reno, TX, just minutes from all the shopping, dining, and conveniences of Azle. This unique setup includes four income-producing units across three separate homes--two single-family residences plus one duplex--all renovated over the last two years with stud-to-stud upgrades well beyond market standards. Every major component has been replaced, including roofs, septic systems, HVAC, insulation, flooring, kitchens, baths, paint, and more. Zero deferred maintenance and no upcoming cap-ex make this a true turnkey asset. Each unit features its own private fenced backyard, dedicated driveway parking, and two covered carport spaces. Individual water and electric meters are installed for all units, and each dwelling includes its own exterior storage building. Designed for longevity and low maintenance, this property offers excellent stability with three units leased and one single-family home intentionally left vacant for potential owner-occupancy or new leasing--previously rented for $1,850 per month. 8.2% Projected Cap Rate thanks to the zero deferred maintenance upkeep! Located within Springtown ISD, the property offers a quiet, small-town feel with quick access to nearby urban conveniences. An adjoining parcel may also be available for purchase and includes utilities, three-phase electric service, and an approx. 6,400 sq ft shop with separate work and office areas--including restrooms--offering additional income potential or space for a business operation. Situated on a corner lot, the expansion option provides outstanding accessibility for contractors, business owners, or investors looking to grow their residential or commercial portfolio. This is a truly rare chance to acquire a turnkey, fully modernized, low-risk investment property with multiple paths for income, expansion, and owner-occupancy flexibility.

Property Features

Location Information

County

Parker

Subdivision

R & R Little Estates

Interior Features

Interior

Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan

Heating

Central, Electric

Full Baths

8

Cooling

Central Air, Ceiling Fan(s), Electric

1/2 Baths

3

Floors

Carpet, Luxury Vinyl Plank

Has Fireplace

No

Appliances

Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave

Number of Fireplaces

0

Total Number of Units

4

Exterior Features

Stories

2

Lot Description

Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees

Construction

Board & Batten Siding

Lot Size in Acres

1.061

Exterior

Dog Run, Lighting, Rain Gutters, Storage

Lot Size in Sq. Ft.

46,217

Foundation

Slab

Lot Dimensions

280x230

Roof

Composition, Metal

Buildings

3

Utilities

Electricity Available, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available

Building Total Area (Sq. Ft.)

4,078

Parking Description

Covered, Carport, Driveway, Gravel

Road Description

All Weather Road

Garage Spaces

0

Is One Story

No

Fencing

Back Yard, Cross Fenced, Fenced, Metal, Partial

Lot Description

Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees

Pool Description

None

Windows Description

Window Coverings

School

Elementary School District

Springtown ISD

Jr. High School

Springtown

Elementary School

Reno

High School

Springtown

Additional Information

Year Built Details

Preowned

Has a Home Owners Association

No

Property Type

RI

Exclusions

Tenant property.

Year Built

1983

Documents Available

Aerial, Survey

Status

Active

Lot Acres Source

Assessor

Similar Listings

Mortgage Calculator

$3,688

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,846

Monthly Tax

$658

Monthly Insurance

$184

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

Real Estate IDX Powered by iHomefinder