10 Beds
11 Baths
1.06 Acres Lot
10 Beds
11 Baths
1.06 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision R & R Little Estates
MLS Listing ID 21113573
Bedrooms 10
Full Baths 8
Half Baths 3
HOA Y/N None
Total Fin. Sqft 4078
Year Built 1983
Lot Size 1.061 Acres
Acres 1.061
Lot Dimensions 280x230
Property Sub-Type Multiple Single Units
Property Description
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.
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 Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank
Appliance Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Heat Source Central, Electric
Exterior
Exterior Feature Dog Run, Rain Gutters, Lighting, Storage
Carport Spaces 8
Fence Back Yard, Cross Fenced, Fenced, Metal, Partial
Utilities Available All Weather Road, City Water, Co-op Electric, Individual Water Meter, Overhead Utilities, Septic, Underground Utilities
Roof Type Composition,Metal
Total Parking Spaces 8
Garage No
Building
Lot Description Cleared, Few Trees, Interior Lot, Level, Lrg. Backyard Grass
Story Two
Foundation Slab
Level or Stories Two
Structure Type Board & Batten Siding,Siding
Schools
Elementary Schools Reno
Middle Schools Springtown
High Schools Springtown
School District Springtown Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Aerial Photo, Survey Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21113573
GET MORE INFORMATION
Broker-Associate | Lic# 0625547