Listing Courtesy of: (817) 662-2716 - Mark Costello - The Costello Group, LLC
$850,000
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Tbd E Reno Road Reno, TX 76020
Multi-Family
Residence
10
Beds
11
Baths
...
Bed/Bath
4,078
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 on...e 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.
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MLS#
21113573
Property Type
Multi-Family
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
Sewer
Holding Tank, Septic
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