1380 Chris Lane

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For Sale - Active

1380 Chris Lane,Reno, NV 89502

$432,900

4 beds
2 baths
3251 sqft

About this home

Fantastic potential and cap rate on this duplex with LOW taxes! Two, 1-bedroom, 1-bath units tucked away on a private street. The exterior was just painted in February 2024. The interiors are clean and updated! Unit 1380 is 488 square feet and features a bonus room at the entry,and newer interior paint throughout. Unit 1382 is 575 square feet and has many new updates including flooring, interior paint throughout, furnace, electric range, 2 new windows, vanity, toilet and light fixture, and blinds. Live in one and rent the other, or keep both units as a solidly-performing investment asset. Cap rate potential of 7-8% with market rent adjustments! Great location close to schools, shopping, the Neil Road Recreation Center, and bus lines.