Listing provided courtesy of The Costello Group, LLC- MLS# 21113573MLS ProviderContact Information: Mark Costello - (817) 662-2716

TBD E Reno RoadReno, TX 76020

Multi-Family · 10 Beds · 8 Full Baths · 3 Half Baths · 4,078 Sq. ft. | 1.06 Acres
$775,000 Active

TBD E Reno Road Overview

Visits:
2

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

TBD E Reno Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,078
  • Price/Sq.ft. $190
  • Lot 1.06 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Springtown ISD
  • Elementary School: Reno
  • Middle Or Junior School: Springtown
  • High School: Springtown

Income/Expenses

  • Gross Income: 85740.0
  • Insurance Expense: 5800.0
  • Net Operating Income: 70777.0
  • Operating Expense Includes: Insurance

Building Information

  • Year Built: 1983
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Parker
  • Postal City: AZLE
  • Subdivision Name: R & R Little Estates

General Information

  • Exclusions: Tenant property.
  • Listing Terms: Cash,Conventional
  • Parcel Number: R000129714
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 3
  • Bathrooms Total: 11
  • Bedrooms Total: 10

Building Interior

  • Building Area Source: Other
  • Building Area Total: 4078.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Granite Counters,High Speed Internet,Open Floorplan
  • Levels: Two
  • Stories: 2
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Covered,Carport,Driveway,Gravel
  • Parking Total: 8.0

Lot Information

  • Lot Features: Back Yard,Cleared,Interior Lot,Lawn,Level,Few Trees
  • Lot Size Acres: 1.061
  • Lot Size Area: 1.061
  • Lot Size Dimensions: 280x230
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 46217.16
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Board & Batten Siding
  • Roof: Composition,Metal

General Information

  • Carport: Yes
  • Covered Spaces: 8.0
  • Exterior Features: Dog Run,Lighting,Rain Gutters,Storage
  • Fencing: Back Yard,Cross Fenced,Fenced,Metal,Partial
  • Number Of Units Total: 4
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Sewer: Septic Tank
  • Utilities: Electricity Available,Overhead Utilities,Septic Available,Separate Meters,Underground Utilities,Water Available

Unit Information

Unit 3 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 4 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

TBD E Reno Road Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

TBD E Reno Road Market Data

Based on the last 30 days in this zip code

$498,682
Average List Price
$231
Average Price per Square Foot
60
Properties Sold
125
Average Days on Market
380
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.