TBD E Reno Road new Save Request In-Person Tour Request Virtual Tour
Reno,TX 76020
Key Details
Property Type Multi-Family
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision R & R Little Estates
MLS Listing ID 21113573
Bedrooms 10
Full Baths 8
Half Baths 3
Year Built 1983
Lot Size 1.061 Acres
Property Sub-Type Multiple Single Units
Property Description
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.
Location
State TX
County Parker
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Flooring Carpet,Luxury Vinyl Plank
Exterior
Exterior Feature Dog Run,Rain Gutters,Lighting,Storage
Fence Back Yard,Cross Fenced,Fenced,Metal,Partial
Utilities Available All Weather Road,City Water,Co-op Electric,Individual Water Meter,Overhead Utilities,Septic,Underground Utilities
Roof Type Composition,Metal
Building
Lot Description Cleared,Few Trees,Interior Lot,Level,Lrg. Backyard Grass
Story Two
Foundation Slab
Structure Type Board & Batten Siding,Siding
Schools
Elementary Schools Reno
Middle Schools Springtown
High Schools Springtown
School District Springtown Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Aerial Photo,Survey Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21113573