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 homestwo single-family residences plus one duplexall 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 leasingpreviously 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 areasincluding restroomsoffering 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.
Details
| MLS # | 21113573 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 273 |
| Listing Provided By | The Costello Group, LLC | Mark Costello |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 11 Total |
| Car Port | Yes |
| Story(s) | 2 |
| Building(s) | 3 |
| Acreage | 1.06 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan |
| Window Features | Window Coverings |
| Appliances | Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave |
Exterior
| Exterior Features | Dog Run, Rain Gutters, Lighting, Storage |
|---|---|
| Roof | Composition, Metal |
| Security Features | Unknown |
| Construction Materials | Board & Batten Siding, Siding |
| Foundation Details | Slab |
| Lot Features | Cleared, Few Trees, Interior Lot, Level, Lrg. Backyard Grass |
Parking
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Carport, Covered, Driveway, Gravel |
Utilities
| Utilities | All Weather Road, City Water, Co-op Electric, Individual Water Meter, Overhead Utilities, Septic, Underground Utilities |
|---|
Area Information
| State | TX |
|---|---|
| County | Parker |
| City | Reno |
| Zip Code | 76020 |
| Area | Parker |
| Community Name | R & R Little Estates |
| School District | Springtown ISD |
| Elementary School | Reno |
| High School | Springtown |
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Learn More About This Property
| State | TX |
|---|---|
| County | Parker |
| City | Reno |
| Zip Code | 76020 |
| Area | Parker |
| Community Name | R & R Little Estates |
| School District | Springtown ISD |
| Elementary School | Reno |
| High School | Springtown |