1801 Parallel Street, Shasta Lake, CA 96019

Property Description

Great investment opportunity in Shasta Lake City! This single-story fourplex features three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. The 2/1 unit has been recently updated and offers a larger private yard and additional storage area. Units 1-3 have central heat, while unit 4 has an energy-efficient mini split system. Tenants pay their own electric, keeping operating expenses lower for the owner. Each unit includes a small private backyard area, adding to tenant appeal. The property has a strong history of stable, long-term tenants and features a brand new composition roof installed in 2024, a major recent capital improvement. Interiors are clean and well maintained, providing a solid rental base with opportunity for future cosmetic updates. Street parking available. No pets per current rental terms. Solid income property with upside potential and opportunity for future rent growth in a convenient Shasta Lake City location.