E Reno Road
Property 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.
Broker Details
The Costello Group (225) 287-0883
MLS ID: 0666230 State License Number: 0666230
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $775,000 |
| No. of Units: | 4 |
| Year Built: | 1983 |
| Opportunity Zone: | No |
| Price per unit: | $193,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 11 |
ID: 3yd-NTREIS-21113573
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