Overview
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.
Mortgage Calculator
Estimate only — contact a lender for actual rates and terms. Property tax estimate based on 2% of purchase price.
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
- Interior Features
- Decorative Designer Lighting Fixtures, Eat In Kitchen, Granite Counters, High Speed Internet, Open Floorplan
- Flooring
- Carpet, Luxury Vinyl Plank
- Window Features
- Window Coverings
- Heating
- Central, Electric
- Cooling
- Central Air, Ceiling Fans, Electric
- Utilities
- Electricity Available, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available
- Construction
- Board And Batten Siding
- Roof
- Composition, Metal
- Foundation
- Slab
- Exterior Features
- Dog Run, Lighting, Rain Gutters, Storage
- Pool
- None
- Levels
- Two
- Stories
- 2
- Attached Garage
- No
- Covered Spaces
- 8
Schools
- Elementary
- Reno (Springtown ISD)
- Middle
- Springtown (Springtown ISD)
- High
- Springtown (Springtown ISD)
Location
Price & Status History
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Listed for sale Source: NTREIS #21113573 | $775,000 |
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Listed by Mark Costello · The Costello Group, LLC
Source: NTREIS · MLS#: 21113573
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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