Estimated payment $5,304/month
Highlights
- 1.06 Acre Lot
- Granite Countertops
- Eat-In Kitchen
- Open Floorplan
- Lawn
- Interior Lot
About This Home
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 Agent
The Costello Group, LLC Brokerage Phone: (817) 662-2716 License #0666230 Listed on: 11/16/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 1.06 Acre Lot
- Lot Dimensions are 280x230
- Dog Run
- Cross Fenced
- Partially Fenced Property
- Aluminum or Metal Fence
- Interior Lot
- Level Lot
- Cleared Lot
- Few Trees
- Lawn
- Back Yard
Home Design
- Slab Foundation
- Composition Roof
- Metal Roof
- Board and Batten Siding
Interior Spaces
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Decorative Lighting
- Window Treatments
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 10 Bedrooms
Parking
- Carport
- Gravel Driveway
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Schools
- Reno Elementary School
- Springtown High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Overhead Utilities
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number R000129714
Community Details
Overview
- 3 Buildings
- 4 Units
- 4,078 Sq Ft Building
- R & R Little Estates Subdivision
Building Details
- Gross Income $85,740
- Net Operating Income $70,777
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/16/2025 11/16/25 | For Sale | $850,000 | +8399.2% | $208 / Sq Ft | |
| 12/20/2024 12/20/24 | Sold | -- | -- | -- | View Prior Sale |
| 11/25/2024 11/25/24 | Pending | -- | -- | -- | |
| 11/21/2024 11/21/24 | For Sale | $10,001 | -- | -- |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21113573
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