1551 E Reno Road, Reno, Texas 76020

$599,000
16
BD
List Price
$599,000
Price Change
▼ $100,000 1629502754
MLS#
14625415
Status
ACTIVE
Type
Multifamily
Year Built
9999
Construction Status
Preowned
Bedrooms
16
Full Baths
11
Half Baths
1
Acres
1.66
County
Parker
City
Reno
Subdivision
John Hall Survey

Property Description

Investor opportunity in growing area! 6 mobile homes on 1.66 acres. Property is zoned commercial. All units are leased. Four of the units are 3 bedroom, 2 bath mobiles. There is one 2 bedroom, 2 bath mobile and a 2 bedroom, 1 and a half bath mobile. Reno city water. Each unit has its own conventional septic system and a storage shed. All units have been well maintained. Tenants pay for water, electric, and trash. There may possibly be a potential to add more units. Operating expenses are from 2019 as a more accurate number of annual expenses. Seller did some extensive rehabbing of one of the properties in 2020.

Additional Information

Unexempt Taxes
$4,422
HOA
No HOA
Annual Insurance
4722
Gross Annual Expenses
16711
Gross Annual Income
49900
Lot Size
72,309
Acres
1.66
Lot Description
Acreage, Some Trees
Subdivided
Yes
Interior Features
High Speed Internet Available
Flooring
Carpet, Vinyl
Foundation
Pilings
Roof
Other
Stories
1
Street Utilities
Asphalt, City Water, Septic
Heating Cooling
Central Air-Elec, Central Air-Gas, Central Heat-Elec, Propane
Exterior
Covered Deck, Satellite Dish, Storage Building
Construction Material
Siding
Parking Garage
Open
Total Num Parking
12
School District
Azle Isd
Elementary School
Liberty
High School
Azle
Proposed Financing
Cash, Conventional
Number of bldgs.
6
Number of units
6
Possession
Subject to Lease
Cap Rate
5.54

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marsha Hardin Real Estate LLC.