TBD E RENO ROAD, RENO, TX 76020
Homes for sale in Reno.
Homes for sale in 76020.
List Price$789,900
TBD E Reno Road
Reno, TX 76020
Listing #21113573
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
