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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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Tbd E Reno Road , Reno, TX 76020
$775,000
Est. Payment: $3,990.04/mo
10 Bed
9.5 Bath
4078 Sqft
Status: active | Days on site: 276
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

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.

Highlights

Listed by Mark Costello , The Costello Group, LLC , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
1.06

Year Built

1983

County

Parker

Neighborhood

R & R Little Estates

School District

Springtown ISD

Listing ID

21113573

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:9.5
  • Full Bathrooms:8
  • 1/2 Bathrooms:3
Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Carpet,Luxury Vinyl Plank
Other:
  • Additional:Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan

Exterior Features

Lot:Cleared,Few Trees,Interior Lot,Level,Lrg. Backyard Grass,1 to < 3 Acres
Lot Dimensions:280x230
Garage Capacity:8
Roof:Composition,Metal
Others:
  • Additional:Dog Run, Rain Gutters, Lighting, Storage, Preowned
Parking Features:Carport,Covered,Driveway,Gravel
Principal Interest
$3,990
Taxes
$494

Home Price

$775,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$155,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,990.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,990.04 $494.06 $0.00 $4,484.10
Yearly $47,880.44 $5,928.75 $0.00 $53,809.19
Total $1,436,413.16 $177,862.50 $0.00 $1,614,275.66

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Reno, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

© 2026 North Texas Real Estate Information Systems