Tbd E Reno RoadReno, TX 76020

Description

Fully renovated 4-unit rental portfolio in Reno, TX, consisting of one duplex and two single-family homes across three buildings on approximately 1.06 acres. The property has been extensively improved over the past two years, including water and septic lines, appliances, flooring, paint, fixtures, fencing, kitchens, baths, and other major components. There are no known deferred-maintenance items, making this a true turnkey investment. All four units are currently occupied, producing $81,540 in gross scheduled annual rent. Current NOI is approximately $66,577, equating to an 8.59% in-place cap rate at the $775,000 asking price. Tenant turnover has historically been very low, and lease expirations are staggered through 2027 and 2028, helping reduce concentrated vacancy risk. Each unit features individual water and electric metering, a private fenced yard, dedicated parking, two covered carport spaces, and exterior storage. Located inside the City of Reno and within Springtown ISD, the property offers a quiet residential setting with quick access to Azle, FM 730, Hwy 199, and the broader DFW market. An adjoining commercial-income property may also be available separately. It includes approximately one acre, a hard-corner location, three-phase power, utilities, covered work areas, and an approximately 6,600 SF shop being divided into multiple leasable spaces, creating additional income and business-use potential.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1983

Building area

4,078 Sq Ft

Lot size

1.06 acres

Lot dimensions

280x230

Parking spaces

8

Days on market

324

MLS^® Listing#

21113573

Property Features

Interior

Eat-in Kitchen · Granite Counters · Open Floorplan · High Speed Internet

Exterior

Dog Run · Rain Gutters · Lighting · Storage

Appliances

Dishwasher · Disposal · Electric Range · Electric Water Heater · Microwave

Cooling

Ceiling Fan(s) · Central Air · Electric

Heating

Central · Electric

Flooring

Carpet · Vinyl

Parking

Carport · Covered · Driveway · Gravel

Fencing

Back Yard · Cross Fenced · Fenced · Partial

Lot features

Cleared · Few Trees · Interior Lot · Level

Construction

Board & Batten Siding

Foundation

Slab

Roof

Composition · Metal

Windows

Window Coverings

Utilities

Underground Utilities

Sewer

Septic Tank

Water source

Public

Parcel number

R000129714

Schools

Elementary

Reno

Middle

Springtown

High

Springtown

District

Springtown ISD

Directions

Some GPS's are not accurate. 32.938602385441506, -97.55943606014787 coordinates are easiest. E Reno Rd is AKA 1542. From Hwy 199 and Boyd Rd, go north On Boyd for 2.5 miles, turn left onto E Reno Rd-1542 for 1 mile, property on left right after the first loop of Arvel Circle.