DIAMOND REALTORS
About Me Search Listings Your Choices Office Listings My Listings Get Email Alerts
Property Details
Request more information
Frieda Schmiedel
DIAMOND REALTORS
phone: (972) 897-7659
office: (972) 897-7659
www.diamondreal­tors.info
Name:
E-mail:
Phone:
Your Message:
E Reno Road, Reno, Texas 76020, USA
List Price: $800,000
Sale price per sqm: 0 $
Status: ACT
MLS#: 21113573
Property type: Residential For Sale, Multi-Family, Multi Family
Land size: 1.06 sqft (0.1 m2)
Building Size: 4,078 sqft (378.8 m2)
Rooms
  • 10 bedrooms
  • 8 full baths
  • 3 half baths
Property Details
1983 Year Built:
Building or Complex name: R & R Little Estates Location:
Siding Construction:
Siding Exterior Description:
Resale Condition:
Dishwasher, Microwave, Disposal Appliances:
Carport, Rain Gutters, Decorative Lighting Property Features:
Carpet Floors:
Window Coverings Windows:
city water, septic tank, Underground Utilities, Individual Water Meter, Overhead Utilities Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
Broadband internet access Telecommunication:
Interior Lot, Large Backyard Grass, Cross Fenced Lot Description:
On Slab Basement and Foundation:
composition, Metal Roofing:
Metal Fence Fencing:
Parking / Garage
8 Number of parking spaces:
Covered Parking Parking type:
8 Number of Carport Spaces:
School Information
1114 School District:
Reno Elementary School:
Springtown High School:
Springtown Middle School:
Remarks
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 one 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.


Listing by: The Costello Group, LLC

The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright © NTREIS 2026. All Rights Reserved.


   Immobel

Agent Only


Texas Real Estate Commission Information About Brokerage Services | Texas Real Estate Commission Consumer Protection Notice