Listing Courtesy of: (817) 662-2716 - Mark Costello - The Costello Group, LLC
$775,000
Calculate Payment
Calculate Payment
E Reno Road Reno, TX 76020
Other
Residence
10
Beds
11
Baths
...
Bed/Bath
4,078
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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, f...encing, 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.
Continue reading
MLS#
21113573
Property Type
Other
Bedrooms
10
Bathrooms
8 Full/3 Half
Year Built
1983
Square Feet
4,078
sq. ft
Price per Sq. Ft.
$46,217.16
Lot Size
1.06
Stories
2.0
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-685-2565.