TBD E Reno RD Reno, TX 76020
10 Beds
11 Baths
4,078 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,078 sqft
Price per Sqft $190
Subdivision R & R Little Estates
MLS Listing ID 21113573
Bedrooms 10
Full Baths 8
Half Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1983
Lot Size 1.061 Acres
Acres 1.061
Lot Dimensions 280x230
Property Description
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.
Location
State TX
County Parker
Direction Some GPS's are not accurate. 32.938602385441506, -97.55943606014787 coordinates are easiest. E Reno Rd is AKA 1542. From Hwy 199 and Boyd Rd, go north On Boyd for 2.5 miles, turn left onto E Reno Rd-1542 for 1 mile, property on left right after the first loop of Arvel Circle.
Interior
Interior Features Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Carpet, Luxury Vinyl Plank
Fireplace No
Window Features Window Coverings
Appliance Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
Exterior
Exterior Feature Dog Run, Lighting, Rain Gutters, Storage
Parking Features Covered, Carport, Driveway, Gravel
Fence Back Yard, Cross Fenced, Fenced, Metal, Partial
Pool None
Utilities Available Electricity Available, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available
Water Access Desc Public
Roof Type Composition,Metal
Road Frontage All Weather Road
Total Parking Spaces 8
Garage No
Private Pool No
Building
Lot Description Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees
Foundation Slab
Sewer Septic Tank
Water Public
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Reno
Middle Schools Springtown
High Schools Springtown
School District Springtown Isd
Others
Tax ID R000129714
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21113573
Nearby Locations
GET MORE INFORMATION